Question 2: Cherokee Inc. is a merchandiser that provided the following information: Amount: Number of units sold 11,000 Selling price per unit S 18 Variable selling expense per unit $ 2 Variable administrative expense per units Total fixed selling expense $20,000 Total fixed administrative expense $15,000 Beginning merchandise inventory $ 9,000 Ending merchandise inventory $26,000 Merchandise purchases $86,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Question 3: Luthan Company uses a plantwide predetermined overhead rate of $22.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $266,400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of S266,000 and 10,900 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Question 4 Mickley Company's plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $240 S300 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2 Ir Job A-500 consists of 60 units, what is the unit product cost for this job