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Mohammed Mosa ANKARA YILDIM GEYAZIT UNIVERSITY BUS308 COST ACCOUNTING 2921-2022 SPRING SEMESTER FINAL EXAM LTD points each Any es question imore than two Is Questo 15 Sales Imm $200.00 130.000 Les Variable expenses Contribution Margin Less: Fixed expenses Operating Income 16.000 Required: a) Compute the break-even point in vanit b) How many units must be sold to earn a profit of $30,000 c) Compute the contribution margin ratio. 2. Palmer Manufacturing produces weather vanes. For the year just ended, Palmer produce 10,000 weather vanes with the following total costs Direct materials $20,000 Direct labor 35,000 Overhead 10,000 Selling expenses 6,250 Administrative expenses 14.400 During the year, Palmer sold 9,800 units for $12 each. Beginning finished goods i consisted of 630 units with a total cost of $4,095. There were no beginning or ending inventories of work in process. Required: 1. Calculate the unit costs for the following: direct materials, direct labor, ov prime cost, and conversion cost 2. Prepare schedules for cost of goods manufactured and cost of goods sol 3. Prepare an income statement for Palmer Manufacturing 180.000 $64.000