kindly follow all the instruction for each question and its parts specially direction with the red color where it says whether to round the questions within 2 or 4 decimals. For question 1, there are two required questions, For question 2, there are 7 parts with 6A and 6B

1 Fill in the missing amounts in each of the elght case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Book Hint Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) erences Unit sold Sales Variable expenses Fixed expenses Net operating income (oss) Contribution margin per unit Case 1 Case 2 Case 3 Case 84 8,500 13.400 19,000 4.600 $ 221,000 $ 321.600 $ 418,000 $ 124.200 161,500 187.000 190,000 5,000 93,000 175,000 77.000 78,000 $ (33,500) $ (41.000) $ 151,000 $ (41.200) $ 7 $ 10 S 12 s 26 Required > 1 Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Book Required B Hint Required A Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) erences Case #3 Case #1 457,000 $ $ $ Case #2 197.000 128,050 51,000 Case 4 291,000 84,390 Sales Variable expenses Fixed expenses Net operating income (los) Contribution margin ratio (percent) $ $ 467.000 67,380 77% $ 54,660 38 % (13,390) % 2 Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 38,000 of these balls, with the following results: 10 points Speed Sales (38,000 balts) Variable expenses Contribution margin Fixed expenses Net operating income $ 950,000 570,000 380,000 264,000 115,000 eBook Hint level. References Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. # this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break even point in balls? 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement ta), what selling price per ball must it charge next year to cover the increased labor costs? 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? b. Assume the new plant is built and that next year the company manufactures and sells 38,000 balls the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Rega Rege Regs Reg 6 Reg 68 Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. 1 this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls? (Round "CM Ratio to 2 decimal places and "Unit sales to break even to the nearest whole unit) CM Ratio Unit sales to break even balls Hea 1 Reg 3 2 Northwood Company manufactures basketballs. The company has a bail that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 38,000 of these balls, with the following results: ints Skloped Sales (38,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 950,000 570,000 380,000 264,000 $ 116,000 eBook Hint References Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break- even point in balls? 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 18), what selling price per ball must it charge next year to cover the increased labor costs? 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? b. Assume the new plant is built and that next year the company manufactures and sells 38,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg4 Reqs Reg Reg60 Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? (Round your answer to the nearest whole unit) Number of balls Raq 2 2 Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per boll, of which 60% is direct labor cost Last year, the company sold 38,000 of these balls, with the following results: 10 points Skipped Sales (38,000 balus) Variable expenses Contribution margin Fixed expenses Net operating income $ 950,000 370,00 380,00 264, cee 116,000 . References Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. 19 this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break- even point in balls? 3. Refer to the date in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income. $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement ta), what selling price per ball must it charge next year to cover the increased labor costs? 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income. $116,000, as tast year? b. Assume the new plant is built and that next year the company manufactures and sells 38.000 balls the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Regs Rego Reg 66 Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. 18 Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Round your answer to 2 decimal places) Selling price Mega Reg 2 Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relles heavily on direct labor workers. Thus, variable expenses are high totaling $15.00 per ball of which 60% is direct labor cost Last year, the company sold 38,000 of these balls, with the following results Sales (38.600 balts) Variable expenses Contribution margin Fixed expenses Net operating income $950,000 370.000 3. 264.00 $ 115,000 BOOK Required: 1. Compute to last year's CM ratio and the break even point in balls, and (b) the degree of operating leverage at last year's sales level 2 Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break even point in balls? 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year as computed in requirement to what selling price per ball must it charge next year to cover the increased labor costs? 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double if the new plant is built what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above. a If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last b. Assume the new plant is built and that next year the company manufactures and sells 38,000 balls (the same number as sold last year. Prepare a contribution format income statement and compute the degree of operating leverage year? Complete this question by entering your answers in the tabs below, Reg1 Reg 2 Rega Regs RAGA Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause foed expenses per year to double. If the new plant is built, what would be the company's new CM ratio and new break even point in balls? (Round. CM Ratio" to 2 decimal places and "Unit sales to break even to the nearest whole unit) Show CM Rate Un to break even (4 BA > 2 Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball of which 60% is direct labor cost Last year, the company sold 38,000 of these balls, with the following results: Stripped Sales (38,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 950,000 570,000 380,000 264,000 $ 116,000 eBook Hint eferences Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. 1 this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break- even point in balls? 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a). what selling price per ball must it charge next year to cover the increased labor costs? 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above. . If the new plant is built how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? b. Assume the new plant is built and that next year the company manufactures and sells 38,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. Complete this question by entering your answers in the tabs below. Req1 Reg 2 Req3 Reg 4 Reg 5 Reg 6A Reg 66 If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? (Round your answer to the nearest whole unit.) Number of balls Saved 2 Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost points Last year, the company sold 38,000 of these balls, with the following results Skipped Sales (38,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 950,000 570,000 380,00 264,000 $ 116,000 ebook Hint References Required: 1. Compute (a) last year's CM ratio and the break even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next years CM ratio and the break even 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last year? 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement tal, what selling price per ball 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is bulle, what would be the company's new CM ratio and new break-even point in balls? 6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $116,000, as last b. Assume the new plant is built and that next year the company manufactures and sells 38,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Req3 Reg 4 Reas Reg SA Reg 6 Assume the new plant is built and that next year the company manufactures and sells 38,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. (Round "Degree of operating leverage to 2 decimal places.) Northwood Company Contribution Income Statement Degree of operating leverage