CLO Marks TA- The following information is available for Morton Enterprises. How much is the inc profit if Morton selects alternative 2 instead of alternative 1? Altemative 1 Alternative 2 Revenue $140,000 Cost $120,000 90,000 105,000 IB-You are given the total variable cost of $10,000 at a volume level of 4,500 garments and the fixed cost per garment of $3.20 at a volume level of 7,500 garments. Now you can begin calculating each of the other numbers. Garments Volume Level 4,500 6,000 7,500 Variable Cost/Garment Fixed Cost/Garment Total Cost/Garment Total Variable Costs Total Fixed Costs Total Operating Costs Question Two (CLO2) (6 marks) (15 minutes) supplies expense over the last The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense ove seven months were: Oy tod of Occupancy Suppe Depene 4,000 April $7.500 6,500 20 8.000 $10,500 10.500 $12.000 12.000 $13,500 $10,750 September 7.100 $9.750 9.000 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days. Required: (1+1+1+1-4 marks) 1. Using the high-low method, estimate a cost formula for custodial supplies expense. 2. Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of 11,000 guest-days? (2 marks) ........ . question Three (CLO3)(8 marks) (30 minutes) 3A-Clonex Labs, Inc., uses a process costing system. The following data are available for department for October: Porcent Completed Unita Material Work in proces, October 1.. Work in proces, October 31 ..... Convention 30% 30.000 15.000 25% B0% ... The department started 175,000 units into production during the month and transiera 190,000 completed units to the next department. Required: (3 marks) Compute the equivalent units of production for October assuming that the company uses the weighted average method of accounting for units and costs. 3B- A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB NO. 172 Quantity 1.500 FOR James Company Date Completed 5/31 Manufacturing Overhead 12 Date 1 Direct Direct Materials Labor 5/10 1,330 1,120 550 480 1,000 27 1,870 670 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost 1,005 Instructions (a) Answer the following questions. (1) What is the predetermined manufacturing overhead rate? (2) What are the total cost and the unit cost of the completed job? (b) Prepare the entry to record the completion of the job