1) The following data (in thousands of dollars) have been taken from the accounting records of Larner Corporation for the year just completed:

Sales- $870

Purchases of raw materials*- $110

Direct labour - $130

Manufacturing overhead - $200

Administrative expenses - $160

Selling expenses - $140

Raw materials inventory, beginning* - $30

Raw materials inventory, ending* - $60

Work in process inventory, beginning - $50

Work in process inventory, ending - $10

Finished goods inventory, beginning - $150

Finished goods inventory, ending - $140

(a.) Make a schedule of cost of goods manufactured in good form.

2) Mike Company has provided the following data

This Year Last Year

Units Sold 400,000 $350,000

Sales Revenue $1,300,000 $1,050,000

Less: Cost of Goods Sold 910,000 735,000

Gross Margin 390,000 315,000

Less: Operating Expenses 272,000 260,000

Operating Income $118,000 $55,000

What is the best estimate of the company's variable operating expense per unit?

What is the best estimate of the company's total fixed operating expense per year?

3)The following is Alsatia Corporation's contribution format income statement for last month:

Sales $1,400,000

Less: variable expenses 900,000

Contribution margin 500,000

Less: fixed expenses 300,000

Operating income $200,000

The company has no beginning or ending inventories and produced and sold 10,000 units during the month.

Required:

a) What is the company's contribution margin ratio? -

b) What is the company's break-even in units? -

c) If sales increase by 100 units, by how much should operating income increase? -

d) How many units would the company have to sell to attain target operating income of $225,000?

e) What is the company's margin of safety in dollars?

f) What is the company's degree of operating leverage?

4) Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances at the beginning and end of the year were as follows:

Balance Beginning Balance Ending Balance

Raw materials $14,000 $22,000

Work in process 27,000 9,000

Finished goods 62,000 77,000

The company applies overhead to jobs using a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 33,000 machine hours and incur $231,000 in manufacturing overhead cost. The following transactions were recorded for the year:

a.) Raw materials purchased: $315,000.

b.) Raw materials requisitioned for use in production: $307,000 ($281,000 direct and $26,000 indirect).

c.) The following employee costs were incurred:

Direct labour: $377,000

Indirect labour: $96,000

Administrative salaries: $172,000

d.) Selling costs: $147,000.

e.) Factory utility costs: $10,000.

f.) Depreciation for the year: $127,000, of which $120,000 is related to factory operations and $7,000 is related to selling and administrative activities.

g.) Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,000 machine hours.

h.) Sales for the year: $1,253,000.

Required: Prepare the journal entries for the above transactions

I want its answer within an hour please.