PLEASE ANSWER ALL 6 !!!!

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit! Manufacturing: Direct materials $ 12 Direct labor $9 Variable manufacturing overhead $ 2 Variable selling and administrative $ 2 Fixed costs per year! Fixed manufacturing overhead $ 403,000 Fixed selling and administrative $ 313,000 During the year, the company produced 31,000 units and sold 26,000 units. The selling price of the company's product is $55 per unit Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year, 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Reg 2A Req 28 0 300 270 30 $ 350 Ida Company produces a handcrafted musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials $140 Direct labor Variable manufacturing overhead $ 35 Variable selling and administrative $ 15 Fixed costat Fixed manufacturing overhead $ 69,000 Fixed selling and administrative $ 26,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales $ 245,700 Coat of goods sold 203,850 Gross margin 41,850 Selling and administrative expense 30,050 Net operating income $ 11,800 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. Complete this question by entering your answers in the tabs below. Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.00 $ 38.00 Variable expenses per unit $ 2.90 $ 10.00 Traceable fixed expenses per year $ 129,000 $ 36,000 Last year the company produced and sold 37,500 units of Weedban and 19,000 units of Greengrow. Its annual common fixed expenses are $108,000, Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0 Raner, Harris and Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices--one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 495,000 1008 247,500 50 247,500 500 138,600 288 108,900 220 69,300 140 $ 39,600 88 Office Chicago Minneapolis $ 165,000 1005 $ 330,000 1008 49,500 308 198,000 600 115,500 708 132,000 408 85,800 52 52,800 161 $ 29,700 188 $ 79,200 243 Exercise 7-17 (Algo) Working with a Segmented Income Statement (L07-4) Assume that Minneapolis' sales by major market are: 1000 Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Minneapolis $ 330,000 1000 198,000 60% 132,000 40 36,300 115 95,700 291 16,500 5 enn Market Medical Dental $ 220,000 $ 110,000 1008 140,800 644 57,200 520 79,200 366 52,800 481 13,200 68 23,100 210 $ 66,000 301 $ 29,700 278 Acerme TNT MINNADARE esine Marmarvo Aro Required information PO Sales FULL unt $ 330,000 1001 $ 220,000 1008 $ 110,000 1008 Variable expenses 198,000 600 140,800 640 57,200 520 Contribution margin 132,000 401 79,200 361 52,800 488 Traceable fixed expenses 36,300 110 13,200 60 23, 100 211 Office segment margin 95,700 291 $ 66,000 300 $ 29,700 276 Common fixed expenses not traceable to offices 16,500 51 Net operating income $ 79,200 24 The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The campaign would cost $5,500. Marketing studies indicate that such a campaign would increase sales in the Medical market by $44,000 or increase sales in the Dental market by $38,500. Required: 1. How much would the company's profits increase (decrease) If it implemented the advertising campaign in the Medical Market? 2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market? 3. In which of the markets would you recommend that the company focus its advertising campaign? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market? Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 850,000 308,000 542,000 490,000 $ 52,000 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territories --Northern and Southern The Northern Territory recorded $400,000 in sales and $200,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $152,000 and $126,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $180,000 and $220,000, respectively, in the Northern territory during June. Variable expenses are 28% of the selling price for Paks and 68% for Tibs. Cost records show that $86,400 of the Northern Territory's fixed expenses are traceable to Paks and $46,200 to Tibs, with the remainder common to the two products. Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering vour answers in the tabs below. Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 675,000 405,000 270,000 150,000 120,000 65,000 $ 55,000 North $ 450,000 315,000 135,000 75,000 $ 60,000 South $ 225,000 90,000 135,000 75,000 $ 60,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar) 1. Dollar sales for company to break-even 2 Dollar sales for North segment to break-even 3. Dollar sales for South segment to break even