Below is my assignment I am looking for correct answers as well as necessary formulas. Please let me know if you have any questions.

Cane Company manufactures two products called Alpha and Beta that sell for $185 and $150, respectively. Each product uses only one type of raw material that costs

$8 per pound. The company has the capacity to annually produce 119,000 units of each product. Its unit costs for each product at this level of activity are given below:

Alpha Beta

Direct materials$40 $24

Direct labor 33 28

Variable manufacturing overhead 20 18

Traceable xed manufacturing overhead 28 31

Variable selling expenses25 21

Common xed expenses28 23

Total cost per unit $ 174$ 145

The company considers its traceable xed manufacturing overhead to be avoidable, whereas its common xed expenses are deemed unavoidable and have been allocated to products based on sales dollars.

a. What is the total amount of traceable fixed manufacturing overhead for the Alpha product line and for the Beta product line?

b. What is the company's total amount of common fixed expenses?

c. Assume that Cane expects to produce and sell 93,000 Alphas during the current year. One of Cane's sales representatives has found a new customer that is willing to buy 23,000 additional Alphas for a price of $132 per unit. If Cane accepts the customer's offer, how much will its profits increase or decrease?

d. Assume that Cane expects to produce and sell 103,000 Betas during the current year. One of Cane's sales representatives has found a new customer that is willing to buy 2,000 additional Betas for a price of $61 per unit. If Cane accepts the customer's offer, how much will its profits increase or decrease?

e. Assume that Cane expects to produce and sell 108,000 Alphas during the current year. One of Cane's sales representatives has found a new customer that is willing to buy 23,000 additional Alphas for a price of $132 per unit. If Cane accepts the customer's offer, it will decrease Alpha sales to regular customers by

12,000 units. Calculate the incremental net operating income if the order is accepted?

f. Assume that Cane normally produces and sells 103,000 Betas per year. If Cane discontinues the Beta product line, how much will profits increase or decrease?

g. Assume that Cane normally produces and sells 53,000 Betas per year. If Cane discontinues the Beta product line, how much will profits increase or decrease?

h. Assume that Cane normally produces and sells 73,000 Betas and 93,000 Alphas per year. If Cane discontinues the Beta product line, its sales representatives could increase sales of Alpha by 13,000 units. If Cane discontinues the Beta product line, how much would profits increase or decrease?

i. Assume that Cane expects to produce and sell 93,000 Alphas during the current year. A supplier has offered to manufacture and deliver 93,000 Alphas to Cane for a price of $132 per unit. If Cane buys 93,000 units from the supplier instead of making those units, how much will profits increase or decrease?

j. Assume that Cane expects to produce and sell 68,000 Alphas during the current year. A supplier has offered to manufacture and deliver 68,000 Alphas to

Cane for a price of $132 per unit. If Cane buys 68,000 units from the supplier instead of making those units, how much will profits increase or decrease?

k. How many pounds of raw material are needed to make one unit of Alpha and one unit of Beta?

l. What contribution margin per pound of raw material is earned by Alpha and Beta?

m. Assume that Cane's customers would buy a maximum of 93,000 units of Alpha and 73,000 units of Beta. Also assume that the company's raw material available for production is limited to 227,000 pounds. How many units of each product should Cane produce to maximize its profits?

n. Assume that Cane's customers would buy a maximum of 93,000 units of Alpha and 73,000 units of Beta. Also assume that the company's raw material available for production is limited to 227,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?

o. Assume that Cane's customers would buy a maximum of 93,000 units of Alpha and 73,000 units of Beta. Also assume that the company's raw material available for production is limited to 227,000 pounds. Up to how much should it be willing to pay per pound for additional raw materials? (round to 2 decimal points)