Could you please solve these problems?

Problem 2 Selected ledger accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead _________________________________________________________ _______________________________________________________ Bal. 1/1 Debits Debits 15,000 120,000 Credits ? 230,000 Credits ? -------------------------------------------------------------------------------------- Bal. 12/31 25,000 Work in Process Factory Wages Payable _________________________________________________________ Bal. 1/1 20,000 Credits 470,000 Direct materials 90,000 Direct labor 150,000 Overhead 240,000 -------------------------------------------------------Bal. 12/31 ? ________________________________________________________ Debits 185,000 Bal. 1/1 Credits 9,000 180,000 ------------------------------------------------------------------------------------- Bal. 12/31 4,000 Finished Goods Cost of Goods Sold ________________________________________________________ ________________________________________________________ Bal. l/1 Debits 40,000 Credits ? ? Debits ? ------------------------------------------------------------------------------------ Bal. 12/31 60,000 REQUIRED: 1. What was the cost of raw materials put into production during the year? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufactured for the year? 5. What was the cost of goods sold for the year (before considering under- or overapplied overhead)? 6. If overhead is applied to production on the basis of direct labor cost, what rate was in effect during the year? 7. Was manufacturing overhead under- or overapplied? By how much? 8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? Problem 3 Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $3 per unit. Enough capacity exists in the company's plant to produce 16,000 units of the toy each month. Variable costs to manufacture and sell one unit would be $1.25, and fixed costs associated with the toy would total $35,000 per month. The company's Marketing Department predicts that demand for the new toy will exceed the 16,000 units that the company is able to produce. Additional manufacturing space can be rented from another company at a fixed cost of $1,000 per month. Variable costs in the rented facility would total $1.40 per unit, due to somewhat less efficient operations than in the main plant. REQUIRED: 1. Compute the monthly break-even point for the new toy in units and in total sales dollars. Show all computations in good form. 2. How many units must be sold each month to make a monthly profit of $12,000? 3. If the sales manager receives a bonus of 10 cents for each unit sold in excess of the breakeven point, how many units must be sold each month to earn a return of 25% on the monthly investment in fixed costs? Problem 4 Consider the decision by National Airlines, Inc. regarding the number of flights to operate per day on the air shuttle route between New York and Boston. Its advertising, personnel, and other expenditures to support the operation in New York and Boston amount to $24,000 per day. Flying crew, fuel, and other flight-related expenditures amount to $3,000 per round-trip flight. Landing and airport gate fees are $1,800 per round-trip flight. In addition, ground support personnel cost $2,000 per round-trip flight as company policy seeks to maintain quality service even as volume increases. National pays a commission of 5% to travel agents on a round-trip fare of $200 per passenger. A full flight carries 100 passengers. 1. How many flights in a day must National Airlines operate to make 25% profit margin if it expects the average load factor (number of passengers to the seating capacity) to be 70% per flight? 2. Suppose the load factor for National Airlines is not expected to equal 70% for each flight. Instead, the load factor is expected to be 90% for the first round-trip flight of the day and is expected to decline by 10% for each additional round-trip flight introduced in the same day. How many round-trip flights per day should National Airlines operate to maximize profit? Hint: This problem is analogous to a bank/retailer deciding on the number of branches/stores in a geographical area. You need to think about how total revenue, total costs and profits change with the addition of flights. You can either use Excel to create a scenario analysis or use the incremental cost versus incremental revenue approach or formulate this as a profit maximization problem and solve for the optimum