need help with 5-17

Boyd Corporation is a manufacturer that uses job-order costing. On January 1,2024 , the company's inventory balances were as follows: 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 $835,000 of total manufacturing overhead for an estimated activity level of 76,000 direct labor-hours. The following transactions were recorded for the year: a Raw materials were purchased on account, $570,000. b Raw materials used in production, $540,000. All of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $660,000; indirect labor, $210,000; c selling and administrative salaries, \$290,000. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished d goods warehousing), $432,000. e Incurred various manufacturing overhead costs (e.g., rent, insurance, and utilities), $565,000. Manufacturing overhead cost was applied to production. The company actually worked 52,000 direct f labor-hours on all jobs during the year. Jobs costing $1,745,000 to manufacture according to their job cost sheets were completed during the 9 year. Jobs were sold on account to customers during the year for a total of $2,865,000. The jobs cost h $1,755,000 to manufacture according to their job cost sheets. Requirement 1 Compute the predetermined overhead allocation rate for fiscal year 2024 . 5. Complete the Schedule of Cost of Goods Manufactured for 2024. 6. Complete the Cost of Goods Sold schedule for 2024. 7. Prepare the income statement in good form for Boyd for 2024. The company sold 560 units in 2024. Use the information given to calculate the following for 2024 : Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only 8 have two levels of activity, 2023 and 2024) Use the contribution margin approach to compute the company's annual breakeven 9 point in units. Use the contribution margin ratio approach to compute the breakeven point in sales 10 dollars. Use the contribution margin approach to compute the annual sales level (in units) required to 11 earn a target operating income of $670,000. Use the contribution margin approach to compute the annual increase in net 12 operating income if sales increase by 1 unit. Use the contribution margin approach to compute the change in net operating 13 income if sales fall by 95 units. Use the contribution margin approach to compute the change in net operating income if the 14 selling price per unit increases by $25 per unit and the sales volume decreases by 55 units. Use the contribution margin approach to compute the change in net operating income if the 15 sales increase by 6\% and advertising spending is increased by $6,000. 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 15% ? What is the New 17 Operating Income? Boyd Corporation is a manufacturer that uses job-order costing. On January 1,2024 , the company's inventory balances were as follows: 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 $835,000 of total manufacturing overhead for an estimated activity level of 76,000 direct labor-hours. The following transactions were recorded for the year: a Raw materials were purchased on account, $570,000. b Raw materials used in production, $540,000. All of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $660,000; indirect labor, $210,000; c selling and administrative salaries, \$290,000. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished d goods warehousing), $432,000. e Incurred various manufacturing overhead costs (e.g., rent, insurance, and utilities), $565,000. Manufacturing overhead cost was applied to production. The company actually worked 52,000 direct f labor-hours on all jobs during the year. Jobs costing $1,745,000 to manufacture according to their job cost sheets were completed during the 9 year. Jobs were sold on account to customers during the year for a total of $2,865,000. The jobs cost h $1,755,000 to manufacture according to their job cost sheets. Requirement 1 Compute the predetermined overhead allocation rate for fiscal year 2024 . 5. Complete the Schedule of Cost of Goods Manufactured for 2024. 6. Complete the Cost of Goods Sold schedule for 2024. 7. Prepare the income statement in good form for Boyd for 2024. The company sold 560 units in 2024. Use the information given to calculate the following for 2024 : Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only 8 have two levels of activity, 2023 and 2024) Use the contribution margin approach to compute the company's annual breakeven 9 point in units. Use the contribution margin ratio approach to compute the breakeven point in sales 10 dollars. Use the contribution margin approach to compute the annual sales level (in units) required to 11 earn a target operating income of $670,000. Use the contribution margin approach to compute the annual increase in net 12 operating income if sales increase by 1 unit. Use the contribution margin approach to compute the change in net operating 13 income if sales fall by 95 units. Use the contribution margin approach to compute the change in net operating income if the 14 selling price per unit increases by $25 per unit and the sales volume decreases by 55 units. Use the contribution margin approach to compute the change in net operating income if the 15 sales increase by 6\% and advertising spending is increased by $6,000. 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 15% ? What is the New 17 Operating Income