I'm looking for answers to questions 1, 2, 3, 4, 5, 6, 7, 8 on page 252. Please be as detailed/ explict as possible and show all work leading to an answer.

Material Labor Overhead Set Up Labor Receiving Materials handling Packing and shipping Engineering Maintenance Depreciation Total Overhead Total Cost Valve Pumps Flow Controllers 7500 12500 4000 Per Unit Total Per Unit Total Per Unit 16 120000 20 250000 22 4 30000 8 100000 6.4 0.02 128 0.08 600 0.8 6000 0.32 2400 2.67 20000 1.40 10500 12.60 94500 17.78 133378.00 37.78 283378.00 0.05 640 0.30 3800 3.04 38000 1.10 13800 2.40 30000 1.39 17400 12.50 156250 20.79 259890.00 48.79 609890.00 0.48 3.90 39.00 10.95 12.50 0.53 5.00 72.36 100.76 Flow Controllers Total 4000 Total 88000 25600 1920 15600 156000 43800 50000 2100 20000 289420.00 403020.00 24000 458000 155600 2688 20000 200000 60000 100000 30000 270750 682688.00 1296288.00 3 Assume Labour is Variable (case says only direct material is short-run variable). Direct Material Material Related Overhead (48%) Please Check Workings Run Labour Cost Per Unit Set-up Labour (Please Check The Formula Other overhead ($42.59 per machine hr) inside to find Calculation) Revised Product cost Workings identified Material Related Overhead Receiving Material Handling Total Allocate Based on Cost of Material Cost of Material Valves Pumps Controllers Flow Total Material Cost Overhead Allocation Rate on Materials Cost: **Other Overhead on Machine-Hour Basis Machines Depreciation Engineering Packing and Shipping Maintenance Total Total Machine Hour given in the Question Overhead Allocation Rate = $460,000 / 10,800 hours 4 Material Labour Overhead Set Up Labour Receiving Materials handling Packing and shipping Engineering Maintenance Depreciation Total Overhead Product Cost Calculation is Done Based on Below percentage 6 Actual Selling Price Product Cost per Unit Calculated based on Question 1 Gross Margin =Sales / Product Cost Gross Margin % Revised Product cost Calculated based on Question 3 Gross Margin Gross Margin % Product cost ABC Cost Gross Margin Gross Margin % Calculated based on Question 4 Valves Pumps 16 7.68 4.00 0.02 21.30 48.99 $ 20,000 200,000 220,000 120000 250000 88000 458000 48.0% 270,000 100,000 60,000 30,000 Controllers Flow 20 9.6 8.00 0.05 21.30 58.95 22 10.56 6.40 0.48 8.52 47.96 460,000 10800 42.59 Valve 7500 Pumps 12500 Per Unit Total Per Unit 16 4 120000 30000 20 8 0.02 0.08 0.8 0.32 2.67 1.40 12.60 17.78 37.78 128 600 6000 2400 20000 10500 94500 133378 283378.00 0.05 0.30 3.04 1.10 2.40 1.39 12.50 20.79 48.79 Valve Pumps 57.78 Flow Controllers 81.26 97.07 37.56 20.22 34.99% 63.12 18.14 22.32% 56.496 40.574 41.80% 48.99 8.79 15% 58.95 22.31 27% 47.96 49.11 51% 37.78 20.00 35% 48.79 32.47 40% 100.76 -3.69 -4% Pumps 12500 Flow Controllers Total 4000 24000 Total Per Unit Total 250000 22 88000 458000 100000 6.4 25600 155600 0 640 0.48 1920 2688 3800 3.90 15600 20000 38000 39.00 156000 200000 13800 10.95 43800 60000 30000 12.50 50000 100000 17400 0.53 2100 30000 156250 5.00 20000 270750 259890 72.36 289420.00 682688.00 609890.00 100.76 403020.00 1296288.00