Question: hi there, if you can answer this question in a good format it would be greatly appreciated. i always leave positive reviews on questions i

hi there, if you can answer this question in a good formathi there, if you can answer this question in a good format it would be greatly appreciated. i always leave positive reviews on questions i post. thanks :D

Question 3 Part 1 (10 Marks) Advent Corporation has implemented an Activity Based Costing System. The company wants to use ABC on its two main products, V1 and V2, and three main activities as follows: Activity Cost Driver Overhead Amount Total Driver Volume Issuing Purchase Orders # of Purchase Orders $ 150,000 50,000 Reviewing Receiving Reports # of Receiving Reports $ 175,000 20,000 Making Phone Calls # of Phone Calls $ 450,000 100,000 During the year Product V1 required 150 purchase orders, 150 receiving reports; and 200 phone calls. Product V2 required 100 purchase orders; 400 receiving reports, and 350 phone calls. Required: a. Compute the pre-determined overhead rate for each cost pool. (3 Marks) b. Compute the total manufacturing overhead cost for Product V1 and Product V2. (7 Marks) Question 3 Part 11 (10 Marks) The Advent Corporation also manufactures chairs and tables at one of their divisions. The following is data for its chair manufacturing department for the month of February. Actual Sales 4,500 Chairs Selling Price $60.00 per chair Variable Costs $15.00 per chair Fixed Costs $72,000 Required: a. Calculate the Contribution Margin per chair. (1 Mark) b. Compute the Contribution Margin Ratio. (2 Marks) c. Determine the break-even point in revenue dollars. (2 Marks) d. Calculate the Margin of Safety in revenue dollars. (2 Marks) e. If the company wishes to increase its total dollar contribution margin by 50% in March, by how much will it have to increase sales, in units, if all factors remain the same

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