All the questions are on the assignment listed under "required". I am to label and to figure out missing amounts.

The University of Texas at Austin McCombs School of Business Foundations of Accounting (ACC 310F) Assignment 2 Once you have completed the assignment below, you must submit your answers using the answer sheet provided in Canvas (in the Assignments area); not all answers will be turned in. Once submitted, your answers cannot be changed. Where appropriate, partial credit will be given. For reference, you should keep a copy of your work and answers outside of what is submitted via Canvas. Part A A1. Tick-Tech manufactures camera components and has the following costs; Hourly wages of the machine operators Control chips Hourly wages of the factory janitorial staff Utility costs for the factory Utility costs for an administrative facility Lenses and glass Salary of factory manager Required: a. b. Identify all costs as either a product cost (specifically DM, DL or OH) or a period cost (PC). Identify all costs as either a variable (VC) cost or fixed cost (FC). A2. The following data is available for companies below: Sales Variable costs Contribution margin ratio Fixed costs Net income Foxtrot $420,000 273,000 ? 152,000 ? Gamma $134,000 ? 26% 28,800 ? Hilo ? 59,000 60% ? (5,800) Required: a. Calculate the missing amounts for each company. -- Page 1 of 2 -- Part B B1. Brrrr, Inc. manufactures beverage coolers; related information appears below: Item Salaries for Administrative Staff Salary for Factory Manager Rent on Factory and Equipment Utilities for Factory Advertising (fixed) Rubber and plastic Wages for Assembly Staff Total Total Cost $264,000 14,800 184,600 40,200 20,400 448,200 358,000 $1,330,200 Required: a. Identify all costs above as either a product cost (specifically DM, DL or OH) or a period cost (PC). b. If the company had produced 12,000 units, but only sold of its inventory what amount would it report for inventory? c. Identify all costs as either a variable cost (VC) or a fixed cost (FC) then calculate the variable cost per unit (rounded to the nearest penny) assuming 12,000 units were produced and the total fixed costs. Prepare a CM model assuming all units were sold at $125 each. Use the contribution margin model to answer each situation below, which is independent of the others and unless specified otherwise, uses the VC and FC data above. d. With warmer temperatures on the way, management expects a 20% increase in unit sales. If so, what is the company's projected net income under this scenario? e. The company is considering using recycled rubber and plastic for their product. If so, its most recent costs for materials would increase by $10 per unit; as a result, the company would increase the price by $5 per unit to help offset that cost increase. In addition, management would increase advertising by 50 percent. If those changes are made, the company anticipates that unit sales would increase by 15 percent. What is the projected net income under this scenario? f. The company is considering whether it should make upgrades to the factory and equipment; if so, the rent on factory and equipment would increase by 15 percent. Management projects that its production (and sales) volume would increase by 20 percent if the price were lowered by $5 per unit for all units. What is the projected net income under this scenario? -- Page 2 of 2