need help on this asap! need formulas along with steps for all requirments 1-17

H21 fx A E F H B D UVUUUUUUUUUULTCUIVOCIBUUUUUED 16 U 21 22 7. Prepare income statements in good form for Boyd for 2024 The company sold 500 units in 2024. Use the information given to calculate the following for 2024 23 4 5 16 Use the information provided, the high low method and the contribution margin 8 approach to prepare a contribution format income statement Use the contribution margin approach to compute the company's annual 9 breakeven point in units. Use the contribution margin ratio approach to compute the breakeven point in 10 sales dollars Use the contribution margin approach to compute the annual sales level (in units) required 11 to earn a target operating income of $655,000 Use the contribution margin approach to compute the annual increase in net operating income if sales increase to 501 units. 12 Use the contribution margin approach to compute the change in net operating income if sales fall by 90 units. 13 Use the contribution margin approach to compute the change in net operating income if the 14 selling price per unit increases by $20 per unit and the sales volume decreases by 50 units. Use the contribution margin approach to compute the change in net operating income if the sales increase by 5% and advertising spending is increased by $5,000. Use the contribution margin approach to calculate margin of safety in dollars, as a 16 percent and in units. Use the contribution margin approach to calculate operating leverage. What is the estimated percent increase in net income if sales increase 10%? New Operating 17 Income? 15 Saving & Submitting Comprehensive Project Assignments Instructions data Transactions Ready MOH Rate Solution Journal Entrie tv 1 Comprehensive Project 1 v1 2 Using Excel 3 Boyd Corporation is a manufacturer that uses job-order costing. On January 1, 2024, the 4 company's inventory balances were as follows: 5 600 au 7 8 9 Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory $60,000 $38,000 $55,000 23 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, 2024, the company's predetermined overhead rate per direct labor-hour was based on a cost formula that estimated $812,500 of total manufacturing overhead for an no estimated activity level of 65,000 direct labor-hours. 11 32 Requirements: Compute the predetermined overhead allocation rate for fiscal year 2024. Use the blue shaded areas for inputs. 1. Use Excel to journalize the transactions listed in the Transactions tab for the 14 2. current year, 2024 Enter the beginning balances for the inventories in the T-accounts. Assume the rest of the accounts have beginning balances of zero. Post the journal entries to T- accounts. T-account balances will automatically calculate except for Manufacturing Overhead. You will need to calculate the appropriate balance in 3. that account 4. Adjust the manufacturing overhead account a. Prepare the journal entry Post to T-accounts. 5. Complete the Schedule of Cost of Goods Manufactured for 2024. 6. Complete the cost of Goods Sold schedule for 2024. 7. Prepare income statements in good form for Boyd for 2024. Instructions data Transactions MOH Rate Solution Journal Entries Sc Ready 15 16 17 18 19 20 21 22 b tv o