This is a question regarding managerial accounting. Please help especially for part c and d, thank you!

material, leather strips, and buckles are introduced at the beginning of the process. The finn uses the FIFO method to calculate its unit costs. The leather belts produced in the Hanoi plant are sold wholesale for $7.07 each. The pricing is based on a gross margin of 250 0 per belt used for planning and control. The cunent cost per belt used for planning and control is $5.30. The $5.30 was derived based on actual production cost for the previous year. It does not take into account any spoilage cost. Management wants to compare the cunent manufacturing costs per unit with the market prices for leather belts. Cunent market price for belts is $130. The market for men's luxury leather belts is very competitive. Top management has asked the Hanoi plant controller to submit data on the cost of manufacturing the leather belts for the month of November. The cost data will be used to detennine whether modifications in the manufacturing process should be initiated or whether an increase in the wholesale selling price of the belts is justified. The work-in-process (WIP) invent01Y consisted of 40,000 partially completed units on November l. The belts were 25 00 complete as to conversion cost. The costs included in the invent01Y on November I were as follows: Leather strips Buckles Conversion costs Total $96,000 16,000 $158,000 During November 760,000 leather strips were placed into production. A total of 700,000 leather belts were completed. The WIP inventory on November 30 consisted of 70,000 belts, which were 10 percent complete as to conversion. The costs charged to production during November were as follows: Leather strips Buckles Conve1Sion costs Total 874,000 A production operator accidently dyed and cut $45,600 of leather into the wrong size and wrong colour. The cost of leather is included in cost of leather strips reported for November. All belts are inspected at the end of the production process. Inspection is velY stringent as the belts are for the luxury" market. Belts that do not pass the inspection are discarded. Nonnal spoilage is set at 800 of belts inspected based on previous year's spoilage quantities. All completed belts were sold on the last day of November shipped at the wholesale price. Cash from the sale was collect in mid-December. Total monthly suppolt depaltment cost for November (included in MOH) is $49,000 or $0.07 per equivalent unit for conversion costs. LDC closes any variances in manufacturing overhead (MOH) to cost of goods sold account in the month incuned. The MOH variance for Nov is $23,000 (unfavourable). LDC has a gross profit target of 250 0.