Essay/Problem Questions (Answer ONLY 2 Questions from this section) 31 Emporium Car Manufacturing Company makes electric cars. It makes all the components in house with the exception of the High Tek Radial Tires (HTRT) It requires 4 HTRTs for each car it makes. For At the beginning of the years Emporium had no tires in inventory. The total fixed cost of placing each order is 5400. The annual costs of holding each unit of HTRT is $30.00. it normally takes Emporium 20 next year, it plans to make 200,000 units of electric cars. Emporium buys the tires from EAGLE Tires, Inc. days from the time each order was placed to the time the tires are received from EAGLE Tires Required (Show how you derived you answers): Compute the Economic Order quantity a. b. GREAT Company LLC produces heating furnaces. For the month of September 2018, the companies Compute the reorder point. Assume that Emporium Car works 365 days of the year. 32. first month of operation, it had the following transactions: Purchase raw materials costing $40,000,000 ($38,000,000 direct materials and $2,000,000 indirect materials) for cash. Paid wages and salaries for the month totaling $96,000,000 (590,000,000 direct labor and $6,000,000 indirect labor). Total estimated Manufacturing overhead charged into production was $70,000,000. Excluding the indirect material and indirect labor the total of the other manufacturing overhead costs amounted to $68,000,000 All goods charged into production for the month of September 2018 were completed and sold to PETRAS Heating Company for cash at a markup of 30 percent of the actual cost of production for the month Required: Prepare T Accounts the record all these transactions for the month of September 2018. 33. Discuss the relationship of the between the General Ledger and the creation of Financial and Management reports. 34. EPSON INC purchased an equipment for $220,000,000 in cash. The equipment has an estimaterd useful life of 5 years and an estimated salvage value of $20,000,000. Required: Calculate the depreciation expense on the property for the first two years of the use of the asset under the four depreciation methods [Straight line, Declining Balance (200 % declining. Sum of the Years Digit and Units of Production/Consumption], assuming that the equipment is expected to produce a total 100,000,000 units during its five year useful life and 30,000,000 and 15,000,000 units were produced in year 1 and year 2 respectively. Show clearly how you arrived at your numbers. Do not just write down your answers