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I am stuck with these questions that are attached below. Could you please help me to solve them? Thank you so much!

AutoSave ( OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) 11 A* General Conditional Formatting v Insert v Format as Table v Ex Delete v Paste BIU Y $ ~ % " Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates G32 + X V fx A B C D E F G H 1 J K L M N 0 P Q R AWN Problem 1 (15 Points) Hernandez Corporation uses a standard cost system and has established the following standards for one unit of product: Std Qty Std Price 5 Direct Materials 10 pounds $2.60 per pound $26.00 6 Direct Labor 0.25 hours $10.00 per hour $2.50 $28.50 During October, the company purchased 240,000 pounds of material at a total cost of $588,000. The total factory wages for October were $49,400. During October, 21,000 units of product were manufactured using 211,000 pounds of material and 5,200 direct labor hours. Material quantity and price variances are recorded when materials are used. 10 October Production 21,000 units Cost 11 Purchases of materials spunod ooo'ovz $588,000 12 Materials used 211,000 pounds Factory wages 5,200 DL Hrs $49,400 14 15 a. Compute the material quantity and labor efficiency variances. 16 b. Compute the material price and labor rate variances. 17 Show whether each of the above variances was either favorable or unfavorable. 18 a 19 Materials quantity variance = Actual quantity - Standard quantity) *Standard price 20 210000 2.60 $2,600.00 Un 21 22 Labor efficiency variance = (Actual hours - Standard hours) *Standard rate 23 $5,20 $5,250 $10 $ (500.00) Fav 24 25 26 Material price variances = (Actual price - Standard price)*Actual quantity 27 $2.45 2.50 $211,000.00 $ (31,650.00) Fav 28 29 Labor rate variance = (Actual rate - Standard rate)* Actual hours 30 $9.50 $10.00 $5,200 ($2,600.00) Fav 31 Instructions Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%AutoSave ( OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Times New Roman 11 A* ab v General Conditional Formatting v Insert v EX Ac Format as Table v Delete v Paste IUV $ ~ % " i Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A22 X V fx |B. Assuming Rhodes uses the two-variance method of analyzing factory overhead, compute the following variances for the month of July, indicating whether each variance is favorable or A B C D E G J K M N 0 P Q R S T Problem 2 (9 Points) Rhodes Corporation manufactures a product with the following standard costs: 4 Direct materials (20 yards (@ $1.85 per yard) 20 Yds @ $1.85 per yd $37.00 5 Direct labor (4 hours @ $12.00 per hour) 4 hours@ $12.00 per hour $48.00 Variable factory overhead (4 hours @ $5.40 per hour) 4 hours @ $5.40 per hour $21.60 Fixed factory overhead (4 hours @ $3.60 per hour) 4 hours @ $3.60 per hour $14.40 8 Total standard cost per unit of output $121.00 0 Standards are based on normal monthly production involv 2,000 DLHrs 500 units of output 11 12 The following information pertains to the month of July: 13 Direct materials purchased (16,000 yards @ $1.80 per 14 yard 16,000 Yds@ $1.80 per yd $28,800 15 Direct materials used (9,400 yards) 9,400 hours @ 16 Direct labor (1,880 hours @ $12.20 per hour) 1,880 hours @ $12.20 per hour $22,936 17 Actual fixed factory overhead $9,850 18 Actual variable factory overhead 19 Actual production in July: 460 units 460 20 21 A. Compute the budgeted fixed overhead. B. Assuming Rhodes uses the two-variance method of analyzing factory overhead, compute the 24 following variances for the month of July, indicating whether each variance is favorable or 25 unfavorable: 26 a. Factory overhead flexible-budget variance 27 b. Factory overhead production-volume variance 28 29 30 31 32 33 34 Instructions Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%AutoSave ( OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Times New Roman 11 A* ab v General Conditional Formatting v Insert v Format as Table Delete v Paste IUV OVA $ ~ % " Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A3 X v fx |The Tijama Manufacturing Company has determined the cost of manufacturing a unit of product to be as follows, based on normal production of 50,000 units per year: B C D E F G H K M N 0 P Q R 1 Problem 3 (22 Points) The Tijama Manufacturing Company has determined the cost of manufacturing a unit of product to be as follows,! based on normal production of 50,000 units per year: 3 4 Normal Production units 50,000 5 Direct materials $20.00 6 Direct labor $15.00 7 Variable factory overhead $10.00 $45.00 8 Fixed factory overhead $12.00 $50,000 $57.00 10 11 Operating statistics for the month of August and September include: 12 13 August September 14 Units produced 4,200 1,000 4166.66667 15 Units sold 3,500 4,200 16 Selling and administrative expenses $25,000 $35,000 7 Selling Price per unit $70 18 There were no inventories on August 1, and there is no work in process at September 30. 19 20 Prepare comparative income statements for each month under the following methods: 21 a. Absorption costing method 22 b. Variable costing method 23 24 25 26 27 28 29 30 31 32 Instructions Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%AutoSave O OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) 11 A* General Conditional Formatting v Insert v Format as Table v Ex Delete v Paste BI UV $ ~ % " Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A1 x v fx |Problem 4 B C D E F G H 1 J K L M N 0 P Q R S Problem 4 (12 Points) Jasper Company makes two versions of one product, Standard and Deluxe. In November, sales of standard and Deluxe amount to $680,000 and $520,000, respectively. The contribution margin ratio 6 for Standard is 30% and Standard had direct fixed production and administrative costs of $125,000. The contribution margin ratio for Deluxe was 40% and direct fixed costs were $160,000. Common costs that couldn't be allocated in a meaningful way were $100,000. co Standard Deluxe 9 November Sales $680,000 $520,000 10 CM Ration 30% 40% 11 Direct Fixed Prod & Adm Costs $125,000 $160,000 Common Fixed Costs $100,000 13 14 Prepare a segmented income statement for the month of November. 15 16 17 18 19 20 21 24 25 26 29 30 31 32 33 34 Instructions Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%Excel File Edit View Insert Format Tools Data Window Help 2 16% . Thu 2:46 PM QE O.. AutoSave . OFF A FXCostSp2020POST Ch8InClass Home Insert Draw Page Layout Formulas Data Review View Share Comments ulas Data Review View Share A . % Conditional Formatting v Format as Table v Paste Font Format as Table v O Conditional Formatting v Alignment Number Cell Styles v Cells Editing Ideas Sensitivity Cell Styles v Cells Editing Ideas Sensitivity * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for U... Check for Updates tes, fixes, and improvements, choose Check for Updates. A1 x v fx | Problem 5 A D F G H 1 J K L M H J K L M O Problem 5 (12 Points) Act units prouced *Std hrs per uit SHE 9,000 Flex Budget STD or Applied Fischer Company desires an after-tax income of $975,000. It has fixed costs of $480,000. Its only AR FI Bud Hr SR SH SR product sells for $40 and has a variable cost per unit of $28. Fischer's effective tax rate is 35%. 18,000 $1.50 18000 $1.50 $27,000 $27,000 7 Fixed Costs $480,000 After-tax income desired $975,000 $1,500 U / Eff Var 18000 $2.50 8 Selling Price $40 $50,000 $45,000 9 Variable Cost per unit $28 $2,000 U Vol Var| $5,000 U 10 Effective Tax Rate $77,000 $72,000 35% 1 1. What amount of pre-tax income is needed to earn an after tax income of $975,000? $3,500 U Vol Var $5,000 JU 12 $8,500 Under applied 13 2. What target volume of sales revenue must be reached to earn $975,000 in after tax income? $80,500 14 $72,000 15 3. How many units must be sold to earn after-tax income of $975,000? $8,500 X= 16 18000 17 4. What target volume of sales revenue would have been needed to achieve the $975,000 of income had Fixed cost + Var Rate 18 no income tax existed? $50,000.00 $1.50 x 19 $50,000.00 $27,000.00 20 21 22 ard Actual OH 23 $28,500 24 000'ZS$ 25 $80,500 26 27 rd Applied OH 28 $72,000 $3,500 Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Pro + $5 non + Select destination and press ENTER or choose Paste + 100% APR 30 A X W IIIII HIH FAutoSave O OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) 11 A* General Conditional Formatting v Insert v Paste BIUV Format as Table v Ex Delete v $ ~ % " Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A1 x v fx | Problem 6 A B C D E F G H 1 J K L M N 0 P Q R WN Problem 6 (15 Points) Westwood Gear, Inc., recently received a special order to manufacture 10,000 units for a Canadian company. This order specified that the selling price per unit should not exceed $50. Since the order was received without the effort of the sales department, no commission would be paid. However, an export handling charge of $5 per unit would be incurred. Management anticipates that acceptance of the order will have no effect on other sales. The company is now operating at 80 percent of capacity, or 80,000 units, and expects to continue at this level for the coming year without the Canadian order. Unit costs based on estimated actual capacity 13 for the coming year include: 14 Special Order units 10,000 15 Selling Price not to exceed $50.00 16 No Commission 17 Export Handling Charge per unit ($5.00) 18 19 Current Production capacity %, Units 80% 80,000 20 21 22 Selling price $65.00 23 Expenses: 24 Direct materials $18.00 25 Direct labor $16.00 26 Variable factory overhead $10.00 27 Fixed factory overhead $3.00 28 Sales commissions $5.00 29 Other marketing expenses (two-thirds variable) $3.00 30 General expenses (60% fixed) $5.00 31 Tota $60.00 32 33 Prepare an analysis showing the effect on profits if the special order is accepted by the company. Based 34 on your analysis, should the order be filled, and why? 35 36 Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste m + 100%AutoSave O OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) 11 A* General Conditional Formatting v Insert v Format as Table v Ex Delete v Paste BIUV lil $ ~ % " Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A1 X V fx Problem 7 A B C D E F G H I J K L M N P Q R S T U V w Problem 7 15 Points) Busby Company needs 10,000 units of a certain part to use in its production cycle. The following information is available: 7 Needs 10,000 units 8 9 Costs incurred by Busby to make the part: 10 Direct materials $15 11 Direct labor $12 12 Variable factory overhead $13 13 Fixed factory overhead $10 14 Total $50 15 16 Costs to buy the part from Thurco: $45 17 18 If Busby buys the part from Thurco instead of making it, Busby could not use the released facilities in another 19 manufacturing activity. However, twenty percent of the fixed overhead would be avoided because one of the 20 supervisors could be let go 21 22 (a) In deciding whether to make or buy the part, what are the relevant costs that Busby must consider. 23 24 (b) What decision should Busby make? 25 26 27 28 29 30 31 32 33 34 35 Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%