Chapter 20 I will need the following questions answered by Sept 27by 6:00 p.m.please. I have to turn this in by Sept 29, hereis the attach file.

I will need the following question answered by Sept. 27, by 6:00 p.m. Chapter 20 Managerial Acct. 2183 EX 20-1 Inventory valuation under absorption costing and variable costing At the end of the first year of operations, 6,000 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $75 Direct Labor 35 Fixed factory overhead 15 Variable factory overhead 12 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable concept. EX 20-2 Income statements under absorption costing and variable costing Frigid Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1, 2016, and operated at 100% of capacity during the first month. The following data summarize the results for July: Sales (35,000 units)................................................................................. $8,750,000 Production costs (42,000 units) Direct materials....................................................................................... $4,250.000 Direct labor.............................................................................................. 2,125,000 Variable factory overhead..................................................................... 1,062,500 Fixed factory overhead.......................................................................... 637,000 Selling and administrative expenses................................................... $1,150,000 Variable selling and administrative expenses.................................... 200,000 8,075,000 1,350,000 a. Prepare an income statement according to the absorption costing concept. b. Prepare an income statement according to the variable costing concept. c. What is the reason for the difference in the amount of income from operations reported in (a) and (b)? Ex 20-11 Change in sales mix and contribution margin Head Pops Inc. manufactures two models of solar powered noise-canceling headphones: Sun Sound and Ear Bling models. The company is operating at less than full capacity. Market research indicates that 28,000 additional Sun Sound and 23,000 additional Ear Bling headphones are produced and sold, assuming that there is sufficient capacity for the additional production. Sun Sound Ear Bling Headphone Headphone .................................................................................................................................................................................... Sales price Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed manufacturing costs Income from operations $140.00 $125.00 78.40 70.00 $ 61.60 55.00 28.00 25.00 $ 33.60 $ 30.00 14.00 12.50 $ 19.60 $ 17.50 Prepare an analysis indicating the increase or decrease in total profitability if 28,000 additional Sun Sound and 30,000 additional Ear Bling headphones are produced and sold, assuming that there is sufficient for the additional production. Ex 20-12 Product profitability analysis PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster, and Desert Dragon from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per unit information is available. Mountain Monster Desert Dragon ........................................................................................................................................................................................ Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed expenses $5,400 $5,250 3,285 3,400 $2,115 $1,850 1,035 905 $1,080 485 $ 945 310 Income from operations $ 595 $ 635 In addition, the following sales unit volume information for the period is as follows: Mountain Monster Sales unit volume 5,000 Desert Dragon 4,850 a. Prepare a contribution margin by product report. Calculate the contribution margin ratio for each product as a whole percent, rounded to two decimal places. b. What advice would you give to the management of PowerTrain Sports Inc. regarding the relative profitability of the two products