Please help with the following question in attached documents.

P5-2A ? Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income.

P6-8A ? Prepare absorption and variable costing income statements and reconcile differences between absorption and variable costing income statements when sales level and production level change. Discuss relative usefulness of absorption costing versus variable costing.

Name: Course: Date: P5-2A - Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. Managerial Accounting, 6th Edition, by Weygandt, Kieso, and Kimmel Primer on Using Microsoft Excel in Accounting by Rex A Schildhouse Problem P5-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for per 16-ounce bottle to retailers, who charge customers per bottle. For the $0.50 $0.75 year 2014, management estimates the following revenues and costs: Net sales $1,800,000 Selling expenses - Variable $70,000 Direct materials 430,000 Selling expenses - Fixed 65,000 Direct labor 360,000 Administrative expenses - Variable 20,000 Manufacturing overhead - Variable 380,000 Administrative expenses - Fixed 60,000 Manufacturing overhead - Fixed 280,000 Instructions: (a) Prepare a CVP income statement for 2014 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2014 Net sales Amount Variable expenses Title Amount (1) Title Amount Title Amount Total variable expenses Formula Contribution margin Formula Fixed expenses Title Amount Title Amount Title Amount Total fixed expenses Formula Net income Formula (1) Computation of cost of goods sold Title Title Title Title Amount Amount Amount Formula Name: Course: Date: (b) Compute the break-even point in (1) units and (2) dollars. (1) Net sales Total variable expenses Contributions Variable costs as percentage of sales Variable costs per bottle Contributions per bottle Total fixed costs Break-even in units Amount Amount Formula Formula Formula Formula Amount Formula (2) Break-even in units Title Title Quantity Amount Formula (c) Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio = Amount Amount = Formula rounded Margin of safety ratio Amount Amount = Formula rounded (d) Determine the sales dollars required to earn a net income of Required sales = Amount Percentage $180,000 = Formula Name: Course: Date: absorption and variable costing income statements when sales level and production level change. Discuss Managerial Accounting, 6th Edition, by Weygandt, Kieso, and Kimmel Primer on Using Microsoft Excel in Accounting by Rex A Schildhouse Problem P6-8A Dilithium Batteries is a division of Enterprise Corporation. The division manufactures and sells a long-life 60,000 $30.00 battery used in a wide variety of applications. During the coming year it expects to sell units for per unit. Nyota Uthura is the division manager. She is considering producing either 60,000 90,000 or units during the period. Other information is presented in the schedule. Division Information for 2014 Beginning inventory 0 Expected sales in units 60,000 Selling price per unit $30.00 Variable manufacturing costs per unit $12.00 Fixed manufacturing overhead costs (total) $540,000 Fixed manufacturing overhead costs per unit: Based on 60,000 units ($540,000 60,000 units) $9.00 Based on 90,000 units ($540,000 90,000 units) $6.00 Manufacturing cost per unit: Based on 60,000 units ($12.00 variable + $9.00 fixed) $21.00 Based on 90,000 units ($12.00 variable + $6.00 fixed) $18.00 Variable selling and administrative expenses $2.00 Fixed selling and administrative expenses (total) $50,000 Instructions: (a) Prepare an absorption costing income statement, with one column showing the results if one column showing the results if units are produced. 90,000 Sales Cost of goods sold DILITHIUM BATTERIES DIVISION Income Statement For the Year Ended December 31, 2014 Absorption Costing 60,000 Produced Formula Formula units are produced and 90,000 Produced Formula Formula Title Net income Formula Formula Formula Amount Formula Title Title Formula Amount Formula (b) Prepare a variable costing income statement, with one column showing the results if one column showing the results if units are produced. 90,000 Sales Title Title Title 60,000 60,000 units are produced and DILITHIUM BATTERIES DIVISION Income Statement For the Year Ended December 31, 2014 Variable Costing 60,000 Produced Formula Formula Formula 90,000 Produced Formula Formula Formula Formula Formula Amount Amount Formula Formula Formula Amount Amount Formula Title Title Title Net income (c) Reconcile the difference in net incomes under the two approaches and explain what accounts for this difference. Enter text answer here. Net income under absorption costing Less Amount Amount Title Formula (d) Discuss the relative usefulness of the variable costing income statements versus the absorption costing income statements for decision making and for evaluating the manager's performance. Enter text answer here