Could you help me with my hw asap, thanks a lot:)
1. A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $5,490 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and thirty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Product Period A $5, 490 $0 $3, 843 $1, 647 $2, 562 $1, 098 $1, 281 $549 2. Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 7,400 units that were 75%% complete with respect to conversion costs. Ending work in process inventory consisted of 6,400 units that were 60% complete with respect to conversion costs. If 14,800 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be Multiple Choice 15,800 units 16,650 units 15,650 units 13,090 units 3. Abbe Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 1,800 units and of Product B is 1,050 units. There are three activity cost pools, with estimated costs and expected activity as follows: Expected Activity Activity Cost Estimated Overhead Product Product Pools Cost A Total Activity 1 46, 775 1, 300 1, 200 2, 500 Activity 2 68, 277 2, 300 1, 000 3, 300 Activity 3 82, 502 720 700 1, 420 The overhead cost per unit of Product B is closest to: (Round your intermediate calculations to 2 decimal places.)4. Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $385, 000 Variable expenses 231, 000 Contribution margin 154, 000 Fixed expenses 117,000 Net operating income $ 37,000 What is total contribution margin if sales volume increases by 30%? 5. Last year Easton Corporation reported sales of $900,000, a contribution margin ratio of 40% and a net loss of $42,000. Based on this information, the break-even point was