Please assist in the following:

The Dial Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 2,000 sets per year. Annual cost data at full capacity follow: Direct labor $118,000 Advertising .... $50,000 Factory supervision . . ... $40,000 Property taxes, factory building $3,500 Sales commissions . . .. . $80,000 1. Please make a contribution margin income statement at normal capacity and label the income statement as Insurance, factory ... .. $2,500 Figure 1. Please display the following format and show columns for totals and per unit. Assume that sales are priced at the normal price. Depreciation, administrative office equipment . .. $4,000 Lease cost, factory equipment $12,000 Indirect materials, factory . . .. . $6,000 2. Assume sales and demand for 2020 are 2,000 units, what would be the minimum price that you would charge if you wanted to make a profit. Why is this the correct price? Please explain your calculations and reference to the Depreciation, factory building . . .... $10,000 chart in Figure 1. Administrative office supplies (billing) . . . . . $3,000 Administrative office salaries . . ... . $60,000 3. If demand for 2020 is instead 3,000 units should the company pay to increase their capacity? Why? Please Direct materials used (wood, bolts, etc.) $94,000 explain your calculations and reference to the chart in Figure 1. Assume units are sold at the normal price Utilities, factory . . . . . . . . . . $20,000 Hint: If you expand capacity, you will have to pay additional fixed costs of $25,000. Remember that fixed costs are fixed within the relevant range. If you expand capacity then you are outside this range. If you expand capacity then you can make revenue on 1,000 additional units and would pay variable costs on 1,000 additional units. Please con sider the incremental profit or loss of expanding capacity. If the incremental profit of expanding capacity is The patio sets are normally sold for $300 per set. Dial can increase capacity by 1,000 units to 3,000 units but must positive then you should do so. pay $25,000 to do so. 4. Assume sales and demand are 1,500 units, how much will the company make on the sale of the next unit Annual cost data for the production of 2,000 sets are classified as follows: (1,501 )? Discuss which costs will change if the company makes and sells one more unit. Will the company make Selling or Variable Cost Behavior Administrative Product Cost a profit on the unit if they sell at a price below your answer in 2? Please discuss your calculations and reference to Cost Item Fixed Cost Direct Indirect Figure 1. Direct labor $118,000 $118,000 Advertising $50,000 $50,000 Factory supervision 40,000 $40,000 Property taxes, factory building 3,500 3,500 Sales commissions 80,000 80,000 Insurance, factory 2,500 2.500 Depreciation, administrative office equipment 4,000 4,000 Lease cost, factory equipment 12,000 12,000 Indirect materials, factory 6.000 6.000 Depreciation, factory building 10,000 10,000 Administrative office supplies 3,000 3,000 Administrative office salaries 60,000 60.000 Direct materials used 94,000 94,000 Utilities, factory 20.000 20.000 Total costs $321.00 $182.00 $197.000 $212.000 $94.00