+ A Read aloud Question ? Case : Jackson Company has provided the following information regarding the two products that itsells: Sales price per unit Variable cost per unit Sales Mix Machine hours needed per each unit Product 1 545 530 2 Product 2 530 523 3 1.25 hours 2 hours Annual fixed costs are $280,000 Machine hours' capacity is 2,000 MHS Required 1. How many units of Product 1 and Product 2 must be sold in order for Jackson to breakeven? 2- What is the total Sales revenue amount required for Jackson Company to breakeven? 3. How many units of Product 1 and Product 2 must be sold in order for Jackson to make $100,000 of operating income? 4. Assuming that Jackson can sell whatever units produced from each product, what product the company should emphasize to maximize the profit? Question 2 Case B Valencia Cor, reported the following information about its manufacturing costs for the year ended December 2019, Items Beginning of Year End of Year Raw Materials $50,000 S40.000 Work in Process $20.000 $33,000 Finished Goods $30,000 S10,000 The following additional information about the cost of the manufacturing process during the year Direct Material Purchased $145.000 Purchase Returns $2.500 Purchase Discount $1.500 Purchase transportation in cost S5,000 Direct labor hours 50,000 hours Direct labor rate per hour $2.5 per hour Applied manufacturing overhead cost 35% of the direct labor cost Actual manufacturing overhead cost $75.000 Requirements: 1. Compute the prime costs 2. Compute the conversion costs 3. Compute the total manufacturing cost for the year 4. Compute the cost of good s manufactured for the year 3. Compute the cost of goods sold for the year