PLEASE HELP WITH THIS ONLINE PRACTICE PROBLEM FOR MY MANAGERIAL ACCOUNTING CLASS. (THE OPTIONS FOR THE FIRST DROP DOWN BOX ARE: will or will not.)

Lincoln Dairy has an ice cream plant with two identical production lines. It leases all of the machinery on the lines from an outside supplier, and has a total current monthly lease payment of $14,520. The production machines are available every working day of the month, or about 22 days per month. The company operates with one daily eight-hour shift. Normal preventive maintenance and minor repairs are performed for two hours each day, leaving six hours available for productive work on each production line. Thus the total available capacity per machine line was 22 days x 6 hours per day or 132 hours per month. With two machine lines, the plant had machine time available for 264 hours each month. This results in a cost rate for machines of $55 per machine Read the requirements. Requirement (a) Suppose that production-related computer resource expenses of $13,000 per month have been inadvertently overlooked for inclusion in the cost system. Explain how the time-driven ABC model should be updated to reflect this cost. ABC model Incoronile a The time-driven ABC model | incorporate a capacity cost rate for computer resources computed as $13,000 divided by the practical capacity computer hours per month computed as S14,520 divided by the practical capacity computer hours per month since computer expenses should not be included in the cost of producing dairy products Requirements Requirements (a) Suppose that production-related computer resource expenses of $13,000 per month have been inadvertently overlooked for inclusion in the cost system. Explain how the time-driven ABC model should be updated to reflect this cost. (b) Suppose that energy costs of $1,000 per month to run the machinery have also been inadvertently overlooked for inclusion in the cost system. How should the activity-based cost model be updated to include this cost, and what will be the effect on the machine hour rate? (c) If the company wishes to introduce a new flavor, what information is needed in order to determine the cost of producing this new flavor