what is the solution to this problem

All the information related to the question is attached in the pictures. I not sure what additional information is required.Please solve question 2 and 3. I was able to answer question 1. See all the attached pictures to see information regarding company's income statement.

I have added the pictures for the question one more time and this is all the information the question has.

its okay forget it guys my assigment deadline is over. I was unable to find the answers. But its okay cuz I know you are not responsible for doing my work. cheers

1) Using the information provided restate the results by preparing (in good form) a Schedule of Cost of Goods Manufactured and a separate Income Statement. (20 Marks) {No page limit; 2) Customer Jobs a. Prepare a memo detailing out the similarities and differences between process costing and job order costing. (8 Marks) {l-page limit) b. Calculate the predicted total cost and proposed selling price for the customer order using the following separate assumptions: (10 Marks) {No page limit; i. Direct Labour Dollars is the cost driver. ii. Machine hours is the cost driver I Note: Assume a Gross Margin of 15% in order to determine the proposed selling price. 3) Activity Based Costing a. Prepare a memo identifying and explaining your choices of cost drivers for the following expenses: (6 Marks) El-page limit) 1. Supervisory costs 11. Inspection costs 111. Factory insurance iv. Factory building amortization b. Using the concepts of ABC costing, calculate the resulting total cost and gross margins for both the Cosmetic and Food lines. (35 Marks) No pagellam PML Packaging Machinery Ltd. You Make It, We Pack It! Exhibit 1 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,0 (1,200,000) (2,200,000) (3,400,01 $10,800,000 $19,800,000 $30,600,0 15,377,198 23,277,0 5,00 Materials purchased 7,899,802 Accounting and legal Utility Costs- Head Office Utility Costs- Production Administrative salaries Inspection Costs Factory Insurance Sales commissions Interest on business credit line Management salaries (Omar, Anna, Ted $120,000 each) Property Taxes- Head Office Factory Building Amortization I Office supplies, Courier and Postage Annual Business Licenses and Fees Warranty Program Costs Amortization Expense. Fabrication Equipment Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs- Factory Telephone Costs- Head Office Anna's House Rent Labour-Assembly workers 2,000,000 Labour-Production supervisors 30,00 240,00 76,00 760,00 80,00 340,000 100,000 360,000 6,500 412,000 7,760 2,500 500,000 650,000 12,000 10,000 3,000 6,000 $15,000 5.500,000 600,000 3,500,000 2,000,000 3,500,000 RITTOTUZOLUIT Expense Taurid Equipe Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs- Factory Telephone Costs. Head Office Anna's House Rent Labour-Assembly workers Labour- Production supervisors Total Expenses Net Income (Loss) Current Year End Balances Raw Materials Costs- Machines unfinished at year end Costs- Machines complete but not sold Last Year End Balances Raw Materials Costs- Machines unfinished at year end Costs. Machines complete but not sold 12,000 10,000 3,000 6,000 $15,000 5,500,000 600,000 32,992,760 ($2,392,760) Total $4,500,000 4,000,000 9,000,000 Cosmetic $1,500,000 1,000,000 3,000,000 Food $3,000,000 3,000,000 6,000,000 1,000,000 2,500,000 $500,000 2,000,000 5,000,000 $1,500,000 3,000,000 7,500,000 $2,000,000 PML Packaging Machinery Ltd. Exhibit 2 Actual Results for Fiscal 2020 Cosmetic Food Total Net Revenue in $ $10,800,000 $19,800,000 $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 # of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 Factory Area used (sq metres) 11,250 22,800 34,050 ho PML Packaging Machinery Ltd. Exhibit 3 Details of Proposed Customer Order Direct Materials $226,000 Direct Labour $57.000 Expected # of Fabrication Machine Hours 5.642 28 2) Customer Jobs a. Prepare a memo detailing out the similarities and differences between process costing and job order costing. (8 Marks) (1-page limit) b. Calculate the predicted total cost and proposed selling price for the customer order using the following separate assumptions: (10 Marks) {No page limit) i. Direct Labour Dollars is the cost driver, ii. Machine hours is the cost driver Note: Assume a Gross Margin of 15% in order to determine the proposed selling price. 3) Activity Based Costing a. Prepare a memo identifying and explaining your choices of cost drivers for the following expenses: (6 Marks) (1-page limit 1. Supervisory costs ii. Inspection costs 11. Factory insurance iv. Factory building amortization b. Using the concepts of ABC costing, calculate the resulting total cost and gross margins for both the Cosmetic and Food lines. (35 Marks) No page limit; c. Discuss two advantageous and two disadvantages of implementing ABC costing by PML. (6 Marks) 1-page limit PML Packaging Machinery Ltd. You Make It, We Pack It! Exhibit 1 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,000 (1,200,000) (2,200,000) (3,400,000) $10,800,000 $19,800,000 $30,600,000 15,377,198 Materials purchased 7,899,802 Accounting and legal Utility Costs- Head Office Utility Costs- Production Administrative salaries Inspection Costs Factory Insurance Sales commissions Interest on business credit line Management salaries (Omar Anna, Ted $120,000 each) Property Taxes- Head Office Factory Building Amortization Office supplies, Courier and Postage Annual Business Licenses and Fees Warranty Program Costs Amortization Expense- Fabrication Equipment Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs. Factory Telephone Costs- Head Office Anna's House Rent Labour. Assembly workers 2,000,000 Labour. Production supervisors Total Expenses Net Income (Loss) Current Year End Balances Cosmetic Raw Materials $1.500.000 Costs Machines untinished at year end 1.000.000 Costs Machines complete but not sold 3.000.000 Last Year End Balances 000.000 Raw Materials Costs Machines unfinished at year end 2.500.000 500 000 Costs. Machones.complete but not sold 23,277,000 5,000 30,000 240,000 76,000 760,000 80,000 340,000 100,000 360,000 6,500 412,000 2,760 2,500 500,000 650,000 12,000 10,000 3,000 6,000 $15,000 5.500.000 600.000 32,992,760 (S2,392,760) Total $4,500,000 000,000 9.000.000 3,500,000 Food $3.000.000 3.000.000 6,000,000 2.000.000 5.000.000 SE 500.000 3.000.000 7.500.000 52.000.000 PML Packaging Machinery Ltd. Actual Results for Fiscal 2020 Net Revenue in$ Exhibit 2 Cosmetic Food $10,800,000 $19,800,000 Total $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 #of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 Factory Area used (sq metres) 11,250 22,800 34,050 PML Packaging Machinery Ltd. Exhibit 3 Details of Proposed Customer Order Direct Materials 5226,000 Direct Labour $57,000 Expected of Fabrication Machine Hours 5.642 1) Using the information provided restate the results by preparing (in good form) a Schedule of Cost of Goods Manufactured and a separate Income Statement. (20 Marks) {No page limit; 2) Customer Jobs a. Prepare a memo detailing out the similarities and differences between process costing and job order costing. (8 Marks) {l-page limit) b. Calculate the predicted total cost and proposed selling price for the customer order using the following separate assumptions: (10 Marks) {No page limit; i. Direct Labour Dollars is the cost driver. ii. Machine hours is the cost driver I Note: Assume a Gross Margin of 15% in order to determine the proposed selling price. 3) Activity Based Costing a. Prepare a memo identifying and explaining your choices of cost drivers for the following expenses: (6 Marks) El-page limit) 1. Supervisory costs 11. Inspection costs 111. Factory insurance iv. Factory building amortization b. Using the concepts of ABC costing, calculate the resulting total cost and gross margins for both the Cosmetic and Food lines. (35 Marks) No pagellam PML Packaging Machinery Ltd. You Make It, We Pack It! Exhibit 1 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,0 (1,200,000) (2,200,000) (3,400,01 $10,800,000 $19,800,000 $30,600,0 15,377,198 23,277,0 5,00 Materials purchased 7,899,802 Accounting and legal Utility Costs- Head Office Utility Costs- Production Administrative salaries Inspection Costs Factory Insurance Sales commissions Interest on business credit line Management salaries (Omar, Anna, Ted $120,000 each) Property Taxes- Head Office Factory Building Amortization I Office supplies, Courier and Postage Annual Business Licenses and Fees Warranty Program Costs Amortization Expense. Fabrication Equipment Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs- Factory Telephone Costs- Head Office Anna's House Rent Labour-Assembly workers 2,000,000 Labour-Production supervisors 30,00 240,00 76,00 760,00 80,00 340,000 100,000 360,000 6,500 412,000 7,760 2,500 500,000 650,000 12,000 10,000 3,000 6,000 $15,000 5.500,000 600,000 3,500,000 2,000,000 3,500,000 RITTOTUZOLUIT Expense Taurid Equipe Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs- Factory Telephone Costs. Head Office Anna's House Rent Labour-Assembly workers Labour- Production supervisors Total Expenses Net Income (Loss) Current Year End Balances Raw Materials Costs- Machines unfinished at year end Costs- Machines complete but not sold Last Year End Balances Raw Materials Costs- Machines unfinished at year end Costs. Machines complete but not sold 12,000 10,000 3,000 6,000 $15,000 5,500,000 600,000 32,992,760 ($2,392,760) Total $4,500,000 4,000,000 9,000,000 Cosmetic $1,500,000 1,000,000 3,000,000 Food $3,000,000 3,000,000 6,000,000 1,000,000 2,500,000 $500,000 2,000,000 5,000,000 $1,500,000 3,000,000 7,500,000 $2,000,000 PML Packaging Machinery Ltd. Exhibit 2 Actual Results for Fiscal 2020 Cosmetic Food Total Net Revenue in $ $10,800,000 $19,800,000 $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 # of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 Factory Area used (sq metres) 11,250 22,800 34,050 ho PML Packaging Machinery Ltd. Exhibit 3 Details of Proposed Customer Order Direct Materials $226,000 Direct Labour $57.000 Expected # of Fabrication Machine Hours 5.642 28 2) Customer Jobs a. Prepare a memo detailing out the similarities and differences between process costing and job order costing. (8 Marks) (1-page limit) b. Calculate the predicted total cost and proposed selling price for the customer order using the following separate assumptions: (10 Marks) {No page limit) i. Direct Labour Dollars is the cost driver, ii. Machine hours is the cost driver Note: Assume a Gross Margin of 15% in order to determine the proposed selling price. 3) Activity Based Costing a. Prepare a memo identifying and explaining your choices of cost drivers for the following expenses: (6 Marks) (1-page limit 1. Supervisory costs ii. Inspection costs 11. Factory insurance iv. Factory building amortization b. Using the concepts of ABC costing, calculate the resulting total cost and gross margins for both the Cosmetic and Food lines. (35 Marks) No page limit; c. Discuss two advantageous and two disadvantages of implementing ABC costing by PML. (6 Marks) 1-page limit PML Packaging Machinery Ltd. You Make It, We Pack It! Exhibit 1 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,000 (1,200,000) (2,200,000) (3,400,000) $10,800,000 $19,800,000 $30,600,000 15,377,198 Materials purchased 7,899,802 Accounting and legal Utility Costs- Head Office Utility Costs- Production Administrative salaries Inspection Costs Factory Insurance Sales commissions Interest on business credit line Management salaries (Omar Anna, Ted $120,000 each) Property Taxes- Head Office Factory Building Amortization Office supplies, Courier and Postage Annual Business Licenses and Fees Warranty Program Costs Amortization Expense- Fabrication Equipment Amortization Expense-Office Equipment Business Liability Insurance Telephone Costs. Factory Telephone Costs- Head Office Anna's House Rent Labour. Assembly workers 2,000,000 Labour. Production supervisors Total Expenses Net Income (Loss) Current Year End Balances Cosmetic Raw Materials $1.500.000 Costs Machines untinished at year end 1.000.000 Costs Machines complete but not sold 3.000.000 Last Year End Balances 000.000 Raw Materials Costs Machines unfinished at year end 2.500.000 500 000 Costs. Machones.complete but not sold 23,277,000 5,000 30,000 240,000 76,000 760,000 80,000 340,000 100,000 360,000 6,500 412,000 2,760 2,500 500,000 650,000 12,000 10,000 3,000 6,000 $15,000 5.500.000 600.000 32,992,760 (S2,392,760) Total $4,500,000 000,000 9.000.000 3,500,000 Food $3.000.000 3.000.000 6,000,000 2.000.000 5.000.000 SE 500.000 3.000.000 7.500.000 52.000.000 PML Packaging Machinery Ltd. Actual Results for Fiscal 2020 Net Revenue in$ Exhibit 2 Cosmetic Food $10,800,000 $19,800,000 Total $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 #of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 Factory Area used (sq metres) 11,250 22,800 34,050 PML Packaging Machinery Ltd. Exhibit 3 Details of Proposed Customer Order Direct Materials 5226,000 Direct Labour $57,000 Expected of Fabrication Machine Hours 5.642