please show all calculations and answer all the questions

Question 1 ABC Ltd produces Two products X and Y. The original budgeted details for a forthcoming period are as follows. Y Sales units 1.000 1,100 Sales $ 50,000 66.000 Direct materials 8,000 13,200 Direct labour $ 20,000 24.750 Variable overhead $ 8,000 10,560 Fixed overheads 9.000 6,000 Direct labour is paid at a rate of $5 per hour. After consideration of the above, the board of directors have now made the following changes: Because of a skill shortage, direct labour will be limited to 6,450 hours in the period: and, with an advertising campaign costing $4,000 for the period, sales of each product can be increased by 20%. Required: (a) Explain what is meant by a limiting factor of production. (3 marks) (b) Calculate the profit for the original budget. (7 marks) (c) Calculate the revised profit (after the directors' changes) with direct labour as the limiting factor of production, if the advertising campaign goes ahead, resulting in the predicted increase in sales. (Work to the nearest s.) (12 marks) (d) Calculate the increase in profit in (c) that would arise if an extra 500 direct labour hours became available (3 marks) (Total 25 marks) Question 2 Norton Ltd manufactures a single product, which is sold for $150 per unit. The standard variable costs per unit of the product are: Direct material 4 kilos at S8 per kilo Direct labour 5 hours at $10 per hour Production overhead $2.5 per direct labour hour Sales overhead $5 per unit The company expects to manufacture and sell 8,000 units in total during the forthcoming year (Year 1). The fixed overhead costs for the forthcoming year are: Production 60,000 Administration 35,000 Sales 11,000 Required: (a) Calculate profit in Total for Year 1 (5 marks) (b) Calculate for the forthcoming year (Year 1); The break-even point in dollars and units C) The margin of safety in dollars and units (I) The amount of sales in units that would eam the company a profit of $180,000 (12 marks) (c) The following cost increases are expected in the following year (Year 2): Variable costs: +10% Fixed Cost: +8% Required: Calculate for Year 2: 1) The break-even point in units and dollars using the variable and fixed cost calculated in (c) above. (5 marks) (m) The amount of sales in units to earn the company a profit of $180,000 it the selling price was raised to $150. (3 marks) (Total 25 marks)