Please assist with homework activity

This is the additional information

The initial market response has been positive and management is also considering the manufacture of a high quality camping chair. The chair has the following cost structure: For fixed overhead allocation purposes, the chair is expected to spend an hour in each production department during the manufacturing process. The initial demand for the chair is expected to be approximately 4000 units per annum. Although the chairs can be manufactured without any increase in fixed overheads, direct labour is limited to 30000 hours due to the unavailability of skilled labour. The variable selling cost per unit is at R25. The owner has requested that 500 chairs also be kept as closing stock at year-end. 4. Calculate the product mix that will maximise profits. 5. Based on the profit maximising product mix calculated in 4 above, prepare a budgeted income statement using variable costing principles. 6. Based on the profit maximising output calculated in 4 above, prepare a budgeted income statement using absorption costing principles. An estimate of the annual overheads in respect of production of the new table is presented below: The entity will consist of two manufacturing departments (assembly and painting) and a maintenance department. For fixed overhead allocation purposes, the table will spend an hour in each of the manufacturing departments. The production manager has provided you with the following planned activity for each of the departments: The demand for the table is expected to be 10000 units in the first year and the owner has requested that the closing stock for the year be 500 units. In addition to the above, manufacturing overheads, the expected sales and marketing costs are R500 000 per annum (of which 50% are fixed). At a recent strategy session, the owner remained committed to commence the venture. However, he voiced concern about the recent labour problems that several business sectors have been experiencing. He advised that he is considering focusing on the design and marketing of camping equipment and outsourcing all manufacturing to a local sports equipment manufacturer. The initial market response has been positive and management is also considering the manufacture of a high quality camping chair. The chair has the following cost structure: For fixed overhead allocation purposes, the chair is expected to spend an hour in each production department during the manufacturing process. The initial demand for the chair is expected to be approximately 4000 units per annum. Although the chairs can be manufactured without any increase in fixed overheads, direct labour is limited to 30000 hours due to the unavailability of skilled labour. The variable selling cost per unit is at R25. The owner has requested that 500 chairs also be kept as closing stock at year-end. 4. Calculate the product mix that will maximise profits. 5. Based on the profit maximising product mix calculated in 4 above, prepare a budgeted income statement using variable costing principles. 6. Based on the profit maximising output calculated in 4 above, prepare a budgeted income statement using absorption costing principles. An estimate of the annual overheads in respect of production of the new table is presented below: The entity will consist of two manufacturing departments (assembly and painting) and a maintenance department. For fixed overhead allocation purposes, the table will spend an hour in each of the manufacturing departments. The production manager has provided you with the following planned activity for each of the departments: The demand for the table is expected to be 10000 units in the first year and the owner has requested that the closing stock for the year be 500 units. In addition to the above, manufacturing overheads, the expected sales and marketing costs are R500 000 per annum (of which 50% are fixed). At a recent strategy session, the owner remained committed to commence the venture. However, he voiced concern about the recent labour problems that several business sectors have been experiencing. He advised that he is considering focusing on the design and marketing of camping equipment and outsourcing all manufacturing to a local sports equipment manufacturer