1) Computing cost of goods manufactured and cost of goods sold. Co pute cost of goods manufactured and cost of goods sold from the follow account balances relating to 19-7 (in thousands): Property tax on plant building Marketing, distribution, and customer service costs $ 3,000 37,000 Finished goods inventory, January 1, 19_7 27,000 Plant utilities 17,000 Work-in-process inventory, December 31, 19_7 26,000 Amortization of plant building 9,000 General and administrative costs (nonplant) 43,000 Direct materials used 87,000 Finished goods inventory, December 31, 19_7 34,000 Amortization of plant equipment 11,000 Plant repairs and maintenance 16,000 Work-in-process inventory, January 1, 19_7 20,000 Direct manufacturing labour 34,000 Indirect manufacturing labour 23,000 Indirect materials used 11,000 Miscellaneous plant overhead 4,000 2) Knitwear Inc. is considering three countries for the sole manufacturing site of its sweater-Singapore, Thailand, and Canada. All sweaters are to be sold to retail outlet in Canada at $32.00. The three countries differ in their fixed costs and variable costs per sweater. Annual fixed costs Variable manufacturing costs per sweater Variable marketing and distribution costs per sweater Singapore Thailand Canada 6.5 million 8 4.5 million 5.5 12.0 million 13 11 11.5 9 1) Compute the breakeven point in units and revenues for each country. 2) If Knitwear sells 800 000 units what would be the operating income for each country. ? 3) The Jaro Company is considering two new colours for their umbrella products-green and pink. The annual fixed costs will be $ 800 000. The products have the same selling price of $10.00 and variable costs per unit of $8.00. If they expect to sell 70% of green and 30% of pink umbrellas. How many units of green umbrellas will they sell to break-even. Revenue mix, three products. The Mendez Company has three products, tote bags H, J, and K. The president plans to sell 200,000 units during the next period, consisting of 80,000 units of H, 100,000 units of J, and 20,000 units of K. The products have unit contribution margins of $2, $3, and $6 respectively. The company's fixed costs for the period are $406,000. REQUIRED 1. Compute the budgeted operating income. Compute the breakeven point in units, assuming that the given revenue mix is maintained. 2. Suppose 80,000 units of II, 80,000 units of J, and 40,000 units of K are sold. Compute the budgeted operating income. Compute the new breakeven point in units if these relationships persist in the next period.