1- CVP: Bidwell Company manufactures a single product. The following data is available for last year: Sales (30,000 units) 150,000 Variable Expenses (90,000) Contribution Margin 60,000 Fixed Expenses 40,000 Net Operating Income 20,000 Required: a. Prepare the Contribution Income Statement for next year assuming that the business expects an increase in total sales by $8,000 and decrease in variable cost per unit by 10%. b. Refer to original data, calculate the BEP in units and dollars. c. Refer to original data, calculate the MOS $ as total sales. 2- Process Costing: Using FIFO method Units in Process: Units DMDL 1/4/2017 20,000 100% 50% Units started during April 2017 40,000 Units Completed & Transferred out|45,000 WIP (end) 30/04/2017 15.000 60% 35%|| Cost Details: WIP 1/4/2017 Cost Added During DMS25,000 DMI 48 NM conversion=S21,000 conversion=S60,000 Required: a. Calculate number of equivalent units. b. Calculate cost per equivalent unit. c. Calculate total cost assign to WIP-Beginning equivalent units and total cost of completed and transferred out number of units