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Please HELP!!! I WILL APPRECIATE ANY HELP I CAN GET! THANK YOU SO MUCH! Oxwood Company is a metal-and wood-cutting manufacturerselling products to the home

Please HELP!!! I WILL APPRECIATE ANY HELP I CAN GET! THANK YOU SO MUCH!

Oxwood Company is a metal-and wood-cutting manufacturerselling products to the home construction market. Consider the following data for the year 2019;

Sandpaper 2,000
Materials handling costs 70,000
Lubricants-handling process 5,000
Miscellaneous indirect manufacturing labour 40,000
Direct manufacturing labour 300,000
Direct materials (as at January1,2019) 40,000
Direct material(as at December 31,2019) 50,000
Finished goods(as at January 1,2019) 100,000
Finished goods (as at December 31,2019) 150,000
Work in process(as at January 1,2019) 10,000
Work in process(as at December 31, 2019) 14,000
Plant leasing cost 54,000
Amortization-plant equipment 36,000
Property tax on plant equipment 4,000
Fire and casualty insurance on plant equipment 3,000
Direct materials purchased in 2019 460,000
Revenue 1,360,000
Marketing and promotion 60,000
Marketing salaries 100,000
Shipping costs 70,000
Customer-service costs 100,000
General administration 27,000

Required questions:

a. Prepare an income statement with a separate supporting schedule of cost of goods manufactured. For all manufacturing items indicate by a V or F whether each is basically a variable costor a fixed cost(where the cost object is a product unit). If in doubt, decide on the basis of whether the total cost will change substantially over a wide range of production output.

b.Suppose that both the direct materials and plant leasing costs are tied to the production of 900,000 units. What is the direct material cost assigned to each output unit produced? Assume that the plant leasing costs are a fixed cost. What is the unit cost of the plant leasing costs?

c. Repeat the computation in requirement 2 for direct materials and plant leasing costs ifthe costs are being predicted for the manufacturing of 1 million units next year. Assume no changes in the historical or actual cost behaviour patterns

d. As a management consultant explain concisely to the President why the direct materials cost per output unit did not change in requirements 2 and 3 but the plant leasing costs per output unit did change.

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