Case 2 - Ch 16 through Ch 20 Part 1 The following categories represent typical manufacturing industries: Beverages, Chemicals, Food, Paper Products, Metals, Pharamaceuticals, Cosmetics, Sports, etc. Use annual reports the Internet, or library resources to complete the following. Identify one manufacturing company and determine the following: a) Include Company profile. b) Typical products manufactured by the selected company, including brand names. C) Research typical materials used by the selected company for at least one major product and classify them according to the following headings: Direct Materials, Labor, Overhead and Selling Expenses d) Describe at least four decision scenarios within the company that would reflect / use managerial accounting concepts. (example: breakeven analysis). Exercise Assume your Company sells to merchandisers in three different statesCalifornia, Arizona, and New Mexico. The following profit analysis by state was prepared by the company: California Arizona New Mexico 1125000 1000000 Revenue 1181250 Cos of Goods Sold 562500 562500 535000 562500 465000 618750 Gross profit 365600 337500 420000 Selling Expenses 196900 127500 198750 Net profit The following fixed costs have also been provided: 112500 225000 Fixed manufacturing Costs 126500 84375 135000 113625 Fixed Selling and Admin Costs In addition, assume that inventories have been negligible. Management believes it could increase state sales by 20%, without increasing any of the fixed costs, by spending an additional $42,200 per state on advertising. 1. Prepare a contribution margin by state report for the Company. 2. Determine how much state operating profit will be generated for an additional $42.200 per state on advertising. 3. Which state will provide the greatest profit return for a $42,200 increase in advertising? 4. Why