URGENT!!! Please do requirements 4 & 5

4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement. (Hint: Organize all of the companys costs into three categories: variable expenses, traceable fixed expenses, and common fixed expenses.)

5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model.

Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Basic 20,000 Advanced 10,000 Total 30,000 Number of units produced and sold Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) $3,000,000 2,300,000 700,000 720,000 $ (20,000) $2,000,000 1,350,000 650,000 480,000 $ 170,000 $5,000,000 3,650,000 1,350,000 1,200,000 $ 150,000 Direct laborers are paid $20 per hour. Direct materials cost $40 per unit for the Basic model and $60 per unit for the Advanced model. Koontz is considering a change from plantwide overhead allocation to a departmental approach. The overhead costs in the company's Molding Department would be allocated based on machine-hours and the overhead costs in its Assembly and Pack Department would be allocated based on direct labor-hours. To enable further analysis, the controller gathered the following information: Molding $ 787,500 Assemble and Pack $ 562,500 Total $1,350,000 Manufacturing overhead costs Direct labor hours: Basic Advanced Machine hours: Basic Advanced 10,000 5,000 20,000 10,000 30,000 15,000 12,000 10,000 12,000 10,000 Using the additional information provided by the production manager, calculate: a. An activity rate for each activity cost pool. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adapted from Exhibit 7-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 20 Req Req 3B Req 30 Req 4 Req 5 Calculate the plantwide overhead rate. Plantwide overhead rate $ 30 per DLH Req 1A Req 1B Req 2A Req 2B Req 20 Req Req 3B Req 30 Req 4 Req 5 Calculate the amount of overhead that would be assigned to each product. Basic Advanced $ 450,000 Amount of overhead $ 900,000 Req 1A Req 1B Req 2A Req 2B Req 2C Req Req 3B Req 30 Req 4 Req 5 Calculate the departmental overhead rates. (Round your answers to 2 decimal places.) Molding Assemble and Pack Department Department 35.80 per MH | $ 18.75 per DLH Manufacturing overhead rate $ Req 1A Req 1B Req 2A Req 2B Req 2c Req Req 3B Req 3C Req 4 Req 5 Calculate the total amount of overhead that would be assigned to each product. (Round your intermediate calculations to 2 decimal places.) Molding Department $ | Assemble and Pack Department Total manufacturing overhead assigned | $ Basic Advanced 429,600 $ 358,000 375,000 187,500 804,600 $ 545,500 Req 1A Req 1B Req 2A Req 2B Req 2c Req Req 3B Req 30 Req 4 Req 5 Using your departmental overhead cost allocations, redo the controller's segmented income statement (continue to allocate selling and administrative expenses based on sales dollars). (Round your intermediate calculations to 2 decimal places.) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Basic $ 3,000,000 2,204,600 795,400 720,000 | $ 75,400 Advanced $ 2,000,000 1,445,500 554,500 480,000 $ 74,500 Req 1A Req 1B Req 2A Req 2B Req 2C Req Req 3B Req 3C Req 4 Req 5 Calculate an activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Machining Assemble and pack Order processing Setups $ $ $ $ Activity Rate 18.98 per MH 9.42 per DLH 920.00 per order 532.08 per hour Req 1A Req 1B Req 2A Req 2B Req 2C Req Req 3B Req 3C Req 4 Req 5 Calculate the total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity- based approach. (Round your intermediate calculations to 2 decimal places Machining $ Basic 227,760 188,400 46,000 26,154 488,314 Advanced $ 189,800 94,200 184,000 Assemble and pack Order processing Setups Total overhead cost assigned 313,848 $ $ 781,848 Req 1A Req 1B Req 2A Req 2B Req 2c Req Req 3B Req 30 Req 4 Req 5 Calculate the total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. Basic 300,000 Advanced $ 400,000 Total traceable selling and administrative cost $ Koontz Company Income statement Total Basic Advanced Variable expenses: Total variable expenses 0 0 Traceable fixed expenses: Total traceable fixed expenses Segment margin Common fixed expenses: 0 0 $ 0 $ Total common fixed expenses Break-even point in dollar sales