Hello! Can you help with more Business Accounting questions? See attached. The attached is due Friday noon.

Hello! Can you help with more Business Accounting questions? See attached. The attached is due Friday noon.

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1. The Cake Factory has the following information for the month of March. Prepare a (a)
schedule of cost of goods manufactured, (b) an income statement for the month ended
March 31, and (c) prepare only the inventory section of the balance sheet.
Purchases
$85,000
Materials inventory, March 1
6,000
Materials inventory, March 31
7,000
Direct labor
25,000
Factory overhead
34,000
Work in process, March 1
17,000
Work in process, March 31
18,500
Finished goods inventory, March 1
21,000
Finished goods inventory, March 31
23,000
Sales
235,000
Sales and administrative expenses
78,000
2. The Good News Company accumulated 460 hours of direct labor on Job 345 and 810
hours on Job 777. The direct labor was incurred at a rate of $15 per direct labor hour for
Job 345 and $13 per direct labor for Job 777. Journalize the entry to record the flow of
labor costs into production
3. Given the following cost and activity observations for Wondrous Company’s utilities, use
the high-low method to calculate Wondrous’ variable utilities costs per machine hour.
Cost
Machine Hours
March
$3,100
15,000
April
2,700
10,000
May
2,900
12,000
June
3,500
18,000
$10.00
$.67
$.63
$.10
4. Jonus Company has fixed costs of $160,000. The unit selling price, variable cost per unit,
and contribution margin per unit for the company’s two products are provided below.
Product
Selling Price
Variable Cost per unit
Contribution Margin
per unit
X
$180
$80
$100

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Y
$100
$50
$50
The sales mix for product X and Y is 60% and 40% respectively. Determine the break-even point
in units of X and Y.
5. Barrack Inc. manufactures laser printers within a relevant range of production of 50,000
to 70,000 printers per year. The following partially completed manufacturing cost
schedule has been prepared:
Number of Printers Produced
70,000
90,000
100,000
Total costs:
Total variable costs
$350,000
(d)
(j)
Total fixed costs
630,000
(e)
(k)
Total costs
$980,000
(f)
(l)
Cost per unit:
Variable cost per unit
(a)
(g)
(m)
Fixed cost per unit
(b)
(h)
(n)
Total cost per unit
(c)
(i)
(o)
Complete the preceding cost schedule, identifying each cost by the appropriate letter (a) through
(o).

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