Question 2 Case A: Jackson Company has provided the following information regarding the two products that it sells: Product 1 Sales price per unit Variable cost per unit $45 $30 Product 2 $30 $23 3 Sales Mix 2 Machine hours needed per each unit 2 hours 1.25 hours Annual fixed costs are $280,000. Machine hours' capacity is 2,000 MHS Required 1. How many units of Product 1 and Product 2 must be sold in order for Jackson to breakeven? 2- What is the total Sales revenue amount required for Jackson Company to breakeven? 3- How many units of Product 1 and Product 2 must be sold in order for Jackson to make $100,000 of operating income? 4- Assuming that Jackson can sell whatever units produced from each product, what product the company should emphasize to maximize the profit? Question 2 Case B Valencia Cor. reported the following information about its manufacturing costs for the year ended December 2019: Items Beginning of Year End of Year Raw Materials $50,000 $40,000 Work in Process $20,000 $33.000 Finished Goods $30,000 $10,000 The following additional information about the cost of the manufacturing process during the year: Direct Material Purchased $145,000 Purchase Returns $2,500 Purchase Discount $1,500 Purchase transportation-In cost $5,000 Direct labor hours 50,000 hours Direct labor rate per hour $2.5 per hour Applied manufacturing overhead cost 55% of the direct labor cost Actual manufacturing overhead cost $75.000 Requirements: 1. Compute the prime costs 2. Compute the conversion costs 3. Compute the total manufacturing cost for the year 4. Compute the cost of good s manufactured for the year 5. Compute the cost of goods sold for the year