UESTIONI-basedon content in Chapter lworth 15 points An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement For Quarter Ended March 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling $ 900,000 630,000 270,000 S100,000 Administration Net operating income 104,000 204,000 S 66,000 On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. Questions (Consider showing your work in order to receive parial credit) CA) Ir 20,000 books are sold during the second quarter and this activity is hnthe elevant range,the company's expected contribution margin would be? (B) What is the net operating income using the contribution approach for the first quarter? QUESTION 2-based on content in Chapter I-worth 10 points The following data pertains to activity and costs for two months: July 11,000 June Activity level in units 10,000 $17,000 21,000 Direct materials Fixed factory rent Manufacturing overhead Total cost 20.000S61,300 Question Assuming that these activity levels are within the relevant range, what would the July manufacturing overhead be? Consider showing your work in order to receive partial credit. (This is a bit tricky but you have all the information needed to solve the problem) QUESTION3-Based on content is Chapter 2-this question contains two parts Part 1 of Question 3-worth 10 points Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the followin costs: Direct materials Direct labor Manufacturing overhead Dept. A Dept. B S 50,000 S 10,000 ? 60,000 S 80,000 What is the total manufacturing cost assigned to Job 436 ased on content from Chapter 3-contains two parts of Question 4-worth 10 points u Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance Work in process ending balance Cost of goods manufactured Direct materials Direct Labor $ 10,500 S 19,000 S 323,000 $ 115,000 S 78,000 Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year