Please answer problems 1-7.

Question 1 (1 point) Argyle, for the month of August, had sales of $800,000; variable costs of 60% of sales; and total fixed costs of $215,000. Determine the dollar sales needed to achieve a target income of $200,000 in September. (Ignore taxes) Question 2 (1 point) Tectonics has a total fixed cost of $240,000 and a variable cost of $40/unit. They are planning to hire a CFO as their business has grown. Determine the salary the company can pay the CFO if they have determined that they can sell 30,000 units at a price of $65 and desire to earn a profit of $250,000. Question 3 (2 points) Polar Inc. has gathered the following information for November: Selling price/unit $110; Variable cost/unit $75; Forecasted sales 5,800 units; and Fixed cost/month $210,000. 1. What are the breakeven units for November? 2. What is the net income (loss) for November (ignoring taxes)? Question 4 (3 points) Pullman manufactures luxury watches. They expects to sell 3,200 watches in April. The company had enough materials inventory at the end of March to produce 1,800 watches and wants to maintain a materials inventory on April 30 to produce 2,000 watches. Pullman has 1,100 watches on March 31 and has a desired inventory of 2,800 watches on April 30. The watches are expected to sell for $7,600 each. Direct material cost is $2,200 per watch, direct labor cost is $1,400 per watch, and factory overhead is $800 per watch. 1. Determine Pullman's budgeted production for April 2. Determine Pullman's budgeted cost of goods sold for April 3. Determine Pullman's budgeted cost for DM purchases, DL, and FOH for April Question 5 (1 point) Value Products has prepared the following budgets for the second half of the current year. Revenue budget $420,000 Materials purchases budget 180,000 Labor budget 55,000 F/OH budget 75,000 G&A expenses budget 44,000 Selling expenses budget 27,000 FG beginning inventory budget 68,000 FG ending inventory budget 57,000 WIP beginning inventory budget 36,000 WIP ending inventory budget 38,000 Determine Value Products' budgeted Net Income (loss) for this period (Ignore taxes) Question 6 (1 point) Soft Rest makes mattresses and has budgeted to purchase and use 6,500 pounds of material @$2.75 per pound during October. It budgeted for the production of 1,500 mattresses during October. Actual purchase and use of material during October was 6,800 pounds of material @$2.60 per pound. During the month, 1,420 tables were produced. 1. Determine the DM quantity variance for October 2. Determine the DM price variance for October Question 7 (1 point) Information on Hanley's direct labor costs for April is as follows: Actual direct labor rate - $9.50/hour Budgeted hours - 15,000 hours Actual hours - 16,000 hours Direct labor rate variance - $8,000 (U) Determine Hanley's budgeted direct labor rate per hour for April