Question 1 The following information pertains to the most recent quarter at Builders Production Limited Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory 384.000 46,400 76.000 208.000 Insurance, factory 21,600 Direct labour 251.200 Maintenance, factory 125,400 Administrative expenses 292.000 Sales 2.184.000 Usites, factory 116.000 Supplies, factory Selling expenses Indirect labour Cape Breton University CO 4.160 334,400 271.200 Shannon School of Business Work in process inventory, beginning 28.800 Work in process inventory, ending 123.200 Finished goods inventory, beginning 42.400 Finished goods inventory, ending 169.600 Requirement 1: (15 M 1. Prepare a schedule of cost of goods manufactured Requirement 2: (15 Mks) 2. Prepare an income statement Requirement 3: (10 Mkx.) 3. Assume that the company produced the equivalent of 15.000 units of product during the quarter What was the average cost per unit for direct labour? What was the average cost per unit for factory Requirement 4: (10 M.) 4. Assume that the company expects to produce 17.000 units of product during the coming quarter What average cost per unit and what total cost would you expect the company to incur for direct materials at this level of activity? For factory insurance? On preparing your answer, assume that direct materials is a variable cost and that factory insurance is a fixed cost)