1.Texas Company produces one product that it sells for $50 per unit. In producing that product, Texas Company incurs variable costs of $35 per unit and fixed costs of $400,000. How many units of the product will Texas Company have to produce and sell to earn a profit of $42,000? (Be sure round up.)

2.Arkansas Company provided the following information at the end of 2010: Beginning balance inWork-In-Progress$ 300,000 Ending balance inWork-In-Progress350,000 Beginning balance in FinishedGoods400,000 Ending balance in FinishedGoods 350,000 Direct materialscosts1,000,000 Direct laborcosts2,000,000 Manufacturingoverhead2,000,000 Sellingexpenses300,000 General and administrativeexpenses200,000 Sales 8,000,000 Prepare an income statement for fiscal year 2010.

3.Process costing systems and job-order costing systems both produce information on the costs of producing a firm's products,but each system is most appropriate for certain kinds of approaches to production.Explain what approaches to production job-order costing are most appropriate,and explain why job-order costing is appropriate in those approaches to production?

4.Ohio Corporation sells its product for$16per unit and incurs variable costs of$10per unit and total fixed costs of$12,000.What is Ohio Corporations break-even point for sales of this product?