Below are the questions you should answer and upload in the Test 2 Drop box Cost and sales Information for the most recent fiscal year are shown below: Requirement 1: 20mks 1. Prepare a schedule of cost of goods manufactured. Requirement 2: 20mks 2. Prepare an income statement. Requirement 3: 5mks 3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) Requirement 3: 5mks 3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) Requirement 4: 5mks 4. Assume that the company expects to produce and sell 15,000 units of product during the coming year. What average cost per unit and what total cost would you expect the company to incur for direct materials and for factory depreciation at this level of activity? Assume that raw materials costs charged by suppliers will not change next year. For factory depreciation, assume that the company uses straight-line depreciation and that the factory equipment has five years of useful life remaining. (Round your answers to 2 decimal places.) Note Please type your answers in excell or ward and submit your file on Moodle. Below are the questions you should answer and upload in the Test 2 Drop box Cost and sales Information for the most recent fiscal year are shown below: Requirement 1: 20mks 1. Prepare a schedule of cost of goods manufactured. Requirement 2: 20mks 2. Prepare an income statement. Requirement 3: 5mks 3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) Requirement 3: 5mks 3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) Requirement 4: 5mks 4. Assume that the company expects to produce and sell 15,000 units of product during the coming year. What average cost per unit and what total cost would you expect the company to incur for direct materials and for factory depreciation at this level of activity? Assume that raw materials costs charged by suppliers will not change next year. For factory depreciation, assume that the company uses straight-line depreciation and that the factory equipment has five years of useful life remaining. (Round your answers to 2 decimal places.) Note Please type your answers in excell or ward and submit your file on Moodle