Task-1: (1+2+1-4 marks) Bahrain Abraj W.L.L. is a metal and wood manufacturer. Consider the following data for 2020: Sandpaper BD 2,000 Materials-handling costs 70,000 Lubricants and coolants 5,000 Miscellaneous indirect manufacturing labor 40,000 Direct manufacturing labor 300,000 Direct materials inventory, Jan. 1, 2020: 40,000 Direct materials inventory, Dec. 31, 2020: 50,000 Finished goods inventory, Jan. 1, 2020: 100,000 Finished goods inventory, Dec. 31, 2020: 150,000 Work-in-process inventory, Jan. 1, 2020: 10,000 Work-in-process inventory, Dec. 31, 2020: 14,000 Plant-leasing costs 54,000 Depreciation-plant equipment 36,000 Property taxes on plant equipment 4,000 Fire insurance on plant equipment 3,000 Direct materials purchased 460,000 Revenues 1,360,000 Marketing promotions 60,000 Marketing salaries 100,000 Distribution costs 70,000 Customer-service costs 100,000 Required 1. Prepare an income stamant with a separate supporting schedule of cost of goods manufac- tured. For all manufacturing items, classify costs as direct costs or indirect costs and indicate by V or F whether each is basically a variable cost or a fixed cost (when the cost object is a product unit). If in doubt, decide on the basis of whether the total cost will change substantially over a wide range of units produced. 2. Suppose that both the direct material costs and the plant-leasing costs are for the production of 900,000 units. What is the direct material cost of each unit produced? What is the plant-leasing" cost per unit? Assume that the plant-leasing cost is a fixed cost. 3. Suppose Bahrain Abraj W.L.L, manufactures 1,000,000 units next year. Repeat the computation in requirement 2 for direct materials and plant-leasing costs. Assume the implied cost-behavior patterns persist