I need help with #5, #6, part 2 and part 3

thank you!!

Miami Corporation was operating at full capacity; they sold 500,000 units at $94 each during the current year. Their income statement is as follows: The division of costs between variable and fixed is as follows: Management is considering a plant expansion program for the following year that will permit an increase of $3,760,000 in yearly sales. The expansion will increase fixed costs by $1,800,000 but will not affect the relationship between sales and variable costs. Instructions 1. Determine the total variable costs and the total fixed costs for the current year. Variable cost of current year =$25,000,00070%+$4,000,00075%+$3,000,000 50%=$22,000,000 Fixed cost of current year =$25,000,00030%+$4,000,00025%+$3,000,00050%= $10,000,00 2. Determine (A) the unit variable cost and (B) the unit contribution margin for the current year. Variable cost per unit =$22,000,000/500,000=$44 per unit Contribution margin per unit = selling price per unit - variable cost per unit = $94$44=$50 3. Compute the break-even sales (units) for the current year. Break even point sales unit = fixed cost/contribution margin per unit $10,000,000/$50=200,000 units 4. Compute the break-even sales (units) under the proposed program for the following year. Total sales would be : $47,000,000+$3,760,000=$50,760,000 Sales unit =$50,760,000/$94=540,000 units Fixed costs will increase by $1,800,000 Total fixed cost =$10,000,000+$1,800,000=$11,800,000 There would not be any affect in percentage of fixed cost and variable cost =$22,000,000+$10,000,000=$32,000,000 Percentage of fixed cost =$10,000,000/$32,000,000100=31.25% Variable cost percentage =10031.25=68.75% Variable cost of new program =$11,800,00068.75%/31.25%=$25,960,000 Contribution Margin = sales = variable cost =$50,760,000$25,960,000=$24,800,000 Contribution Margin per unit =$24,800,00/540,000=$45.93 Break even sales unit = $11,800,000/$45.93=$256,913units 5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $15,000,000 of income from operations that was earned in the current year. 6. Determine the maximum income from operations possible with the expanded plant. 7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year? Part 2 (25 Points) Based on the data given in the previous problem, would you recommend accepting the proposal? Explain...and please write as if someone important is reading it (grammar, etc.) Part 3 (25 Points) Florida corporation is preparing a Master Budget for the year 2024. Assign the kind of business Florida corporation is (your pick) and write a few paragraphs on what they should consider in their budget. I will grade your groups based on how you did versus the other groups. The groups that write better and show me they understand the material better will get more points than those who do not. Please write at a college level if you expect a college level grade. Miami Corporation was operating at full capacity; they sold 500,000 units at $94 each during the current year. Their income statement is as follows: The division of costs between variable and fixed is as follows: Management is considering a plant expansion program for the following year that will permit an increase of $3,760,000 in yearly sales. The expansion will increase fixed costs by $1,800,000 but will not affect the relationship between sales and variable costs. Instructions 1. Determine the total variable costs and the total fixed costs for the current year. Variable cost of current year =$25,000,00070%+$4,000,00075%+$3,000,000 50%=$22,000,000 Fixed cost of current year =$25,000,00030%+$4,000,00025%+$3,000,00050%= $10,000,00 2. Determine (A) the unit variable cost and (B) the unit contribution margin for the current year. Variable cost per unit =$22,000,000/500,000=$44 per unit Contribution margin per unit = selling price per unit - variable cost per unit = $94$44=$50 3. Compute the break-even sales (units) for the current year. Break even point sales unit = fixed cost/contribution margin per unit $10,000,000/$50=200,000 units 4. Compute the break-even sales (units) under the proposed program for the following year. Total sales would be : $47,000,000+$3,760,000=$50,760,000 Sales unit =$50,760,000/$94=540,000 units Fixed costs will increase by $1,800,000 Total fixed cost =$10,000,000+$1,800,000=$11,800,000 There would not be any affect in percentage of fixed cost and variable cost =$22,000,000+$10,000,000=$32,000,000 Percentage of fixed cost =$10,000,000/$32,000,000100=31.25% Variable cost percentage =10031.25=68.75% Variable cost of new program =$11,800,00068.75%/31.25%=$25,960,000 Contribution Margin = sales = variable cost =$50,760,000$25,960,000=$24,800,000 Contribution Margin per unit =$24,800,00/540,000=$45.93 Break even sales unit = $11,800,000/$45.93=$256,913units 5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $15,000,000 of income from operations that was earned in the current year. 6. Determine the maximum income from operations possible with the expanded plant. 7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year? Part 2 (25 Points) Based on the data given in the previous problem, would you recommend accepting the proposal? Explain...and please write as if someone important is reading it (grammar, etc.) Part 3 (25 Points) Florida corporation is preparing a Master Budget for the year 2024. Assign the kind of business Florida corporation is (your pick) and write a few paragraphs on what they should consider in their budget. I will grade your groups based on how you did versus the other groups. The groups that write better and show me they understand the material better will get more points than those who do not. Please write at a college level if you expect a college level grade