I need help in solving the attached accounting problems asap. Thank you.

C213 Problems A company's projected inventory purchase for the year are listed below. 50% of the purchase is paid in the month of purchase, 30% is paid in the month following the purchase and 20% is paid in the second month following the purchase. How much will be paid in the last six months of the year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 month following the purchase, C213 Problems A company has projected the following sales for the year. 60% is paid in cash. 40% is paid with credit. Credit sales are collected 40% in the month of sale, 30% in the 1st month following the sale, and 20% in the 2nd month following the sale. How much will be collected in April? May? June? For the three January February March April May June Sales 100,000 150,000 200,000 175,000 125,000 150,000 g the sale, and ? June? For the three months ending June 30? C213 Problems A company's projected inventory purchase for the year are listed below. 30% of the purchase is paid in the month of purchase, 50% is paid in the month following the purchase, 20% is paid in the second month following the purchase. How much will be paid in the last six months of the year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 C213 Problems A company's projected inventory purchase for the year are listed below. 35% of the purchase is paid in the month of purchase, 35% is paid in the month following the purchase, 30% is paid in the second month following the purchase. How much will be paid in the last six months of the year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 C213 Problems A company has projected the following sales for the year. 30% is paid in cash. 70% is paid with credit. Credit sales are collected as follows: 60% in the month of sale 30% in the 1st month following the sale, and 10% in the 2nd month following the sale. How much will be collected in April? May? June? For the three months ending June 30? January February March April May June 50,000 75,000 80,000 60,000 100,000 90,000 C213 Problems A company has projected the following sales for the year. 75% is paid in cash. 25% is paid with credit. Credit sales are collected as follows: 50% in the month of sale 30% in the 1st month following the sale, and 10% in the 2nd month following the sale. How much will be collected in April? May? June? For the three months ending June 30? January February March April May June 75,000 80,000 85,000 90,000 95,000 100,000 C213 Problems A gaming manufacturing company makes the following products: dice, chips, and roulette wheels. The company uses the following information to allocate overhead costs to each product. What is the total amount of overhead applied to each product? Cost object Machine setups Batches Indirect material Cost 300,000 75,000 150,000 Cost Driver Number of setups Number of batches Number of orders Activity Dice Chips Roulette Wheels 30 20 10 25 30 5 20 10 25 roulette wheels. C213 Problems ABC Scorpion Company produces three products: Hammer, Wrenches, and Saws The company uses ABC for allocating its overhead. How much overhead will be applied to each product? Cost Object Machine utilities Machine setups Quality control Product movement Cost Driver Machine hours Number of machine setups Number of inspections Forklift service Cost 126,000 38,000 32,500 39,900 Hanmmers 700 195 200 1,520 Cost Driver Activity Wrenches 280 158 90 760 Saws 420 232 210 1,520 C213 Problems ABC Cherry Motorsports produces four products: rear deck fin, roof flaps, and roof strips. The company uses ABC for allocating its overhead. How much overhead will be applied to each product? Cost Object Machine utilities Machine setups Quality control Product movement Cost Driver Machine hours Number of machine setups Number of inspections Forklift service Cost 18,750 80,250 21,000 80,000 Deck Fins 3,000 300 35 140 Cost Driver Activity Roof Flaps 1,800 642 35 108 Roof Strips 2,700 128 105 152 oof strips. C213 Problems A shoe manufacturer incurred the following costs during the first quarter of the year: Direct labor Direct Materials Manufacturing Overhead 780,000 500,000 900,000 The company produced 40,000 pairs of shoes and sold 35,000 pairs. What was the cost of sales for the first quarter of the year? - If the sales were $5,000,000. How much was the gross profit? If fixed costs were $1,592,500, How much operating income (loss) did the company have for the first qu ompany have for the first quarter? C213 Problems The income statement of Santa's Toy Manufacturing Company had the following income statement for t Production = 1,000,000 units Sales Direct Material Direct Labor Mfg Overhead COS Gross profit $ 850,000 270,000 380,000 247,000 897,000 (47,000) Overhead was applied at 65% of direct labor. If the company increases the sales price per unit by $0.15. What will be the new gross profit? income statement for the month of November. gross profit? Cost - Volue- Profit Cost per unit Sales (revenue) $10 p/unit Variable costs $3.40 p/unit Fixed costs Cost 100,000 35,000 50,000 What is the break even in sales and units using the equation method? What is the brek even in sales and units using the CM per unit method? Equation Method: Sn - VC(n) - FC = 0 CM per unit method: FC / CM S = sales VC = variable cost FC = Fixed costs CM = Sales per unit - variable cost per un per unit - variable cost per unit Cost-Volume-Profit 1 2. Cost-Volume-Profit Total variable costs increase as production increases. Does the per unit variable cost increase, decrease, or remain the same over the relevant range? Fixed costs remain the same when production increases or decreases. Does the perunit fixed cost increase, decrease or remain the same over the relevant range? Cost-Volume -Profit Mario Brothers Products distributes a single product, water pipes, whose selling price is $15 and whose variable expense is $12 per unit. The company's monthly fixed expense is $4,200. Required: Solve for the company's break-even point in unit sales using the equation method. distributes a single product, water pipes, whose selling price is $15 and whose er unit. The company's monthly fixed expense is $4,200. any's break-even point in unit sales using the equation method. Cost Volume Profit Winterhaven School is raising money to purchase new choir robes. The cost of the robes is $8,000, so the school will need to have a profit of $8,000 from the raffle. The raffle tickets sell for $10 each. The variable cost of the raffle ticket is $2 and the fixed cost is $8,000 Determine the sales volume required to achieve the target income. Cost Volume Profit Winterhaven School is raising money to purchase new choir robes. The cost of the robes is $8,000, so the school will need to have a profit of $8,000 from the raffle. The raffle tickets sell for $10 each. The variable cost of the raffle ticket is $2 and the fixed cost is $8,000. Determine the sales volume required to achieve the target income