Q1. Calculate B.E.P. in units from the following Information: (3 marks) (a) Sales $100,000, Variable Cost \$, 50,000, Profit \$, 20,000, Units Produced = 5000 units (b) Fixed Cost $=40,000, Selling price $=80, Variable cost $=40 Answer: Q2. Prepare Journal Entries from the following information relating to Job Costing. (4 marks) a) The material storeroom receives a shipment of direct and indirect materials that cost \$ 12,000. b) Materials are sent to the stamping and assembly areas. The cost of the direct materials is $1,500 and the cost of the indirect materials is $900. c) Wages totalling $2,000 are accrued; 80% of these costs are direct labour and 20% are indirect labour d) Overhead costs are allocated to work in process using an allocation rate of 150% of direct labour costs. e) Job No. 1205, with a total cost of $2,500 is completed. f) Job No. 1205 is shipped to the customer, who is billed for $5,000. Answer: Q3. In your own words, discuss how WA and FIFO calculate EUP. Give proper examples. (1.5 marks) Answer. Q4. What are "Transferred-in costs" and Spoilage costs? And how they affect EUP calculations? (1.5 marks)