I only need help with question 2 and 3

I did part of question 2 I am not sure

Sales Volume Contribution margin

canada 45,0000-400,000 *2.6 = 130000 F

Mexico 840000-600000* 1.6 = 384000 F

United States 1,710000-1500000*3.2 = 672000 F

BUSI 4425 (18) Assignment # 5 Chapter 15, 16, 17 Question 1 (20 marks) Baldwin Corporation produces three separate products from a common process with a joint cost of $120,000. Each of the products can be sold at the split-off point or can be processed further and then sold at a higher price. The cost and selling data for a recent period follow: Product Sales Value at Split-off point Product Alpha Product Beta Product Sigma $55,000 $20,000 $60,000 Separable Costs of further processing $100,000 $ 50,000 $150,000 Sales Value after further processing $190,000 $ 40,000 $220,000 Use the Net Realizable Method to allocate the joint costs to each of the three products. Use incremental analysis to determine which products should be sold at the split-off point and which should be processed further. State specifically which products should be sold at split-off and which should be further processed before being sold. Question 2 (20 marks) Kool King manufactures and sells soft drinks in three countries - Canada, Mexico, and the United States. The same product is sold in each market. Budgeted and actual results for 2010 (all in Canadian dollars) are as follows: Budget for 2010 Country Selling Price per Carton Variable Cost per Carton Actual for 2010 Units Sold Selling (Cartons in Price Per Thousands) Carton Variable Cost per Carton Units Sold (Cartons in Thousands) Canada $6.60 $4.00 400,000 $6.82 $4.50 450,000 Mexico $4.40 $2.80 600,000 $4.68 $2.75 840,000 United States $7.70 $4.50 1,500,000 $7.48 $4.60 1,710,000 1. Compute the sales-volume variance, sales-mix variance, and sales-quantity variance using the contribution margin. Show results for each country in your computations. Question 3 (20 marks) Janes Paper Products (JPP) manufactures inkjet, laser and specialty papers for the consumer market. JPP uses a process costing system. Information for February in the first processing department (Mixing) is as follows. Beginning WIP (DM 90% complete, CC 40% complete) Started in February Completed and transferred in February Ending WIP (DM 60% complete, CC 30% complete) Costs added during February 2011 Physical Direct Materials Conversion Quantities Costs (in tonnes) 60,000 $4,070,220 $751,080 412,500 382,500 90,000 $26,564,625 $11,484,045 Required: 1. Using Weighted-Average Method compute equivalent units for direct material and conversion costs. Prepare Cost of Production Schedule that includes the cost per equivalent units for direct material and conversion costs, and summary of costs to account for and the cost of units transferred and the cost of the units in ending work in process. 2. Using FIFO Method compute equivalent units for direct material and conversion costs. Prepare Cost of Production Schedule that includes the cost per equivalent units for direct material and conversion costs, and summary of costs to account for and the cost of units transferred and the cost of the units in ending work in process