Financial and Managerial Accounting: Please complete the attached assignment, please add your answers to an MS Word file, some questions required full details on how to get the answer or it may need some explanation, so please ensure you full fill all the requirements.

\fALAHMADCO CONTINUING PROBLEM (This is a continuation of the AlAhmadCo Problem from Chapter 19) WCP20 AlAhmadCo has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain which will require special-order sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,202; on December 8 for $1,200; and on December 14 for $3,600. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.50 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,112 hours, and the anticipated overhead costs are $840,576 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 244 sprinkler heads for J57 and 142 sprinkler heads for K52. Additional job order activities during this period of time included: Dec. Dec. 1 2 Dec. Dec. Dec. Dec. Dec. 12 13 18 21 31 Purchased raw materials from Durbin Supply Company on account for $50,320. Issued $40,000 of direct materials from the company's inventory to jobs other than K52 and J57 and $3,000 of indirect materials. Incurred Waterways' factory salaries and wages in the amount of $64,000. Paid the factory's water bill of $9,000. Transferred $49,000 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $12,000 for Waterways' factory. Made adjusting entries for the factory that included accrued property taxes of $12,000, prepaid insurance of $8,000, and accumulated depreciation of $16,800. Instructions (a) (b) (c) (d) Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit cost to nearest cent.) Journalize the activities from these job cost sheets in the general journal. Also journalize the other costs that occurred during this period of time. Assuming that Manufacturing Overhead has a debit balance of $3,500, determine whether overhead has been under/over applied and make the adjusting entry. Why would AlAhmadCo choose machine hours as the cost driver for the overhead rather than direct labor cost? What would AlAhmadCo be likely to choose as the cost driver for the overhead for the job of installing the irrigation system and why? ALAHMADCO CONTINUING PROBLEM (This is a continuation of the AlAhmadCo Problem from Chapters 19 and 20). WCP21 Because most of the parts for its irrigation systems are standard, AlAhmadCo handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments. All items eventually end up in the Package department which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Work in process beginning: Units in process Stage of completion for materials Stage of completion for labor and overhead Costs in work in process inventory: Materials Labor Overhead Total costs in beginning work in process Units started into production in January Units completed and transferred in January Costs added to production: Materials Labor Overhead Total costs added into production in January Work in process ending: Units in process Stage of completion for materials Stage of completion for labor and overhead 24,000 70% 50% $168,360 67,564 16,892 $252,816 60,000 58,000 $265,450 289,468 60,578 $615,496 26,000 70% 20% Instructions (a) Prepare a production cost report for AlAhmadCo using the weighted-average method. ALAHMADCO CONTINUING PROBLEM (This is a continuation of the AlAhmadCo Problem from Chapters 19 through 21.) WCP22 Vice President for Sales and Marketing Sam Totter is trying to plan for the coming year in terms of production needs to meet the sales demand. He is also trying to determine ways in which the company's profits might be increased in the coming year. Instructions (a) AlAhmadCo markets a simple water control and timer that it mass-produces. During the year, the company sold 696,000 units at an average selling price of $4.22 per unit. The variable expenses were $2,053,200, and the fixed expenses were $683,338. (1) What is the product's contribution margin ratio? (2) What is the company's break-even point in units and in dollars for this product? (3) What is the margin of safety, both in dollars and as a ratio? (4) If management wanted to increase its income from this product by 10%, how many additional units would have to be sold to reach this income level? (5) If sales increase by 71,090 units and the cost behaviors do not change, how much will income increase on this product? (b) AlAhmadCo is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.71 per unit. The company also estimates that this change could increase the overall number of sprinklers sold by 10%, and the average sales price would increase $0.25 per unit. AlAhmadCo currently sells 491,740 sprinkler units at an average selling price of $26.50. The manufacturing costs are $6,863,512 variable and $2,050,140 fixed. Selling and administrative costs are $2,661,352 variable and $794,950 fixed. (1) If AlAhmadCo begins mass-producing its special-order sprinklers, how would this affect the company? (2) If the average sales price per sprinkler unit did not increase when the company began massproducing the special-order sprinkler, what would be the effect on the company