Boyd Corporation is a manufacturer that uses job-order costing. On January 1, 2024 the companys inventory balances were as follows:

Raw Materials Inventory $73,000

Work in Progress Inventory: $51,000

Finished Goods Inventory: $66,000

The company applies overhead cost to jobs on the basis of direct labor hours. For thr cutrent year, 2024, the company's predetermined overhead rate per direct labor hour was based in a cost formula that estimated $833,000 of total manufactoring overhead for an estimated activity level of 74,000 direct labor hours.

I already did requirement one!!

I need help on requirements 2-16!! pictures are listed

Boyd Corporation is a manufacturer that uses job-order costing. On January 1, 2024, the company's inventory balances were as follows: The company sold 540 units in 2024 . Use the information given to calculate the following for 2024 : Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only have 8 two levels of activity, 2023 and 2024) Use the contribution margin approach to compute the company's annual breakeven 9 point in units. Use the contribution margin ratio approach to compute the breakeven point in sales 10 dollars. Use the contribution margin approach to compute the annual'sales level (in units) required to 11 earn a target operating income of $668,000. Use the contribution margin approach to compute the annual increase in net 12 operating income if sales increase by 1 unit. Use the contribution margin approach to compute the change in net operating 13 income if sales fall by 93 units. Use the contribution margin approach to compute the change in net operating income if the 14 selling price per unit increases by $23 per unit and the sales volume decreases by 53 units. Use the contribution margin approach to compute the change in net operating income if the 15 sales increase by 5.8% and advertising spending is increased by $5,800. Use the contribution margin approach to calculate margin of safety in dollars, as a 16 percent and in units. Use the contribution margin approach to calculate operating leverage. What is the estimated percent increase in net income if sales increase 13% ? What is the New 17 Operating Income? The following transactions were recorded for the year: Raw materials were purchased on account, $565,000. Raw materials used in production, $535,000. All of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $655,000; indirect labor, $205,000; selling and administrative salaries, \$290,000. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished d goods warehousing), $415,000. e Incurred various manufacturing overhead costs (e.g., rent, insurance, and utilities), $555,000. Manufacturing overhead cost was applied to production. The company actually worked 48,000 direct labor-hours on all jobs during the year. Jobs costing $1,735,000 to manufacture according to their job cost sheets were completed during the year. Jobs were sold on account to customers during the year for a total of $2,855,000. The jobs cost h $1,740,000 to manufacture according to their job cost sheets. Requirement 1 Compute the predetermined overhead allocation rate for fiscal year 2024. \begin{tabular}{|l} Predetermined \\ overhead \\ allocation rate \end{tabular}= Total estimated overhead costs/Total estimated machine hours \begin{tabular}{|l|l|} \hline \multicolumn{1}{|r|}{833,000} & Total estimated overhead costs \\ \hline & \\ \hline 74,000 & Total estimated Direct-Labor hours \\ \hline$ & \\ \hline \end{tabular} Requirement 2 Journalize the transactions in the general journal. Requirement 3 Post the journal entrios. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Sales Revenue } \\ \hline & & \\ \hline 0 & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Selling \& Administrative Expenses 1 Requirement 4 2 Adjust the manufacturing overhead. 3. 1. Prepare the joumal entry. 4 2. Post the joumal entry to the T-accounts worksheet. 4 2. Post the joumat entry to the T-accounts worksheet. Requirement 5: Complete the Schedule of Cost of Goods Manufactured. Schedule of Cost of Goods Manufactured Requirement 6: Complete the Cost of Goods Sold schedule. Use the information provided below along with your income statement from requirement 7 , the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only have two levels of activity, 2023 and 2024) Use your mixed cost formulas to create your contribution format statement. Reference the DATA cell(s) as provided to complete your statement below. Format as numbers. Round to 2 decimal places where appropriate \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Boyd Corporation } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline & For the Year 2023 \\ \hline Sales Revenue & $2,280,000 \\ \hline Cost of Goods Sold & 1,560,000 \\ \hline Gross Profit & 720,000 \\ \hline Selling and Administrative Expenses & 597,000 \\ \hline Operating Income & $ \\ \hline \end{tabular} Boyd sold 400 units in 2023 High Low Method Cost of Goods Sold Step 1 - Variable cost per unit Step 2 - Fixed Cost Step 3 - Mixed Cost Formula (STATE the ACTUAL formula in the blue box provided) Selling \& Administrative Costs Step 1 - Variable cost per unit Step 2 - Fixed Cost Step 3 - Mixed Cost Formula (STATE the ACTUAL formula in the blue box provided) Contribution Format DATA (copy from Requirement 8) Your answers must be supported with calculations and formulas. No credit will be tiven for simply placing numt Requirement 9 Use the contribution margin approach to compute the company's annual breakeven in units. Reference the DATA cell(s) in your formula below. Format as a number. Always refer to the original data. Breakeven in Units Requirement 10 Use the contribution margin ratio approach to compute the breakeven point in sales dollars. Reference the DATA cell(s) in your formula below. Format as a number. Always refer to the original data. Format the ratio as a percent, breakeven in dollars as accounting number format in whole dollars. Contribution margin ratio Breakeven in Dollars Requirement 11 Use the contribution margin approach to compute the annual sales level (in units) required to earn a target operating $668,000. Reference the DATA cell(s) in your formula below. Format as a number. Always refer to the original data. Use the Excel ROUNDUP function to obtain whole units to reach the target operating income. Target sales level (in units) Use the contribution margin approach to compute the annual increase in operating income if sales increase by 1 unit. Reference the DATA cell(s) in your formula below. Format as a number. Always refer to the original data. Use the Excel ROUNDUP function to obtain whole units or dollars New Operating income change in Operating Income Requirement 13 Use the contribuson margin approach to compute the change in net operating income if sales fall by 93 units. Reference the DATA coll(5) in your formula below. Format as a number. Always refer to the original data. Use the Excel ROUNDUP function to obtain whole units or dollars New Operating income change in Operating income Requirement 14 Use the contribution margin approach to compute the change in net operating income if the selling price per unitincreases by $23 per uni and the sales volume decreases by 53 units. Reference the DATA cell(s) in your formula below. Format as number. Use the Excel ROUNDUP function to obtain whole units or dollars Requirement 15 Use the contribution margin approach to compute the change in net operating income if the sales increase by 5.8% and advertising spending is increased by $5,800. Reference the DATA cell(s) in your formula below. Format as a number. Always refer to the original data. Use the Excel ROUNDUP function to obtain whole units or dollars Requirement 15 Use the contribution margin approach to compute the change in net operating income if the sales increase by 5.8% and spending is increased by $5,800