I have attached 4 questions as listed below, please provide detailed calculations and explanations for each question, thank you.

Question 1 (8 marks) Dellclous Cakes Factory operates a chain of bakeries in Canberra that speciaiises in supplying a range of cakes to restaurants and coffee shops. Major products include lamingtons, scones and custard tarts. Until last year, sales levels were fairly stable. However, sales have been decreasing for the last 18 months. Ralph slick. the marketing manager of Delicious Cakes Factory, is worries, and has visited major customers to find out the reasons for their decreasing sales orders. The comments of the owner of one of the most popular Canberra coffee shops sum up the general response: \"Ralph, your style of cakes is old-fashioned. They are not what people want any more. Our customers prefer lighter, tastier food. They want variety, and are wilting to pay more for high quality innovative creations.\" At a recent meeting, Slick stated that the company should expand its product offerings. or there may be no future for the company. Specifically, he believes that there are untapped markets for gourmet pies. The managing director is uncertain; he stated: 'I really don't think thatwe can afford to invest time and money into fads. We sell cakes, we are not a gourmet caterer!" Slick points out that it is these new items that customers are asking for, so it makes sense from a strategic point of view to develop these products. However, the managing director is stiil uncertain: 'l have no idea whether we are going to make a profit this year, and cash is always tight. We don't need strategies, I prefer to just sell good products .\" Slick understands why the managing director is resisting his plea to be more innovative with products--the bakery has been producing the same line of cakes for 30 years. Slick also Imam that there has never been any formal planning undertaken within the company, or consideration of objectives or strategies. Required: 1} Ralph Slick has asked for your help. As the new management accountant, prepare a reportfor the managing director outlining the advantages of implementing process to determine organizational objectives, strategies and planning systems. {4 marks} 2} Consider the nature of the control system that you could design to report on monthly performances. What types of information do you think may be of interest to Slick and the managing director? Consider both financial and non-nancial data. [4 marks] Question 2 {12 marks] Foxwood Company Is a metal and woodcuttlng manufacturer, selling products to the home construction market. Consider the following data for 2018: m m '...,_... Direct manufacturing labour Direct materials inventory 1 Jan 2018 Direct materials inventory 31 Dec 2010 Finished goods inventory 1 Jan 2013 Finished goods inventory 31 Dec 2018 Work in process inventory 1 Jan 2018 Work" In process inventory 31 Dec 2018 Plant leasing costs Depreciation plant equipment Insurance on plant equipment Direct material purchased Sales revenues Marketing promotions Marketing salaries Distribution costs Required: 1} Prepare a schedule of cost of goods manufactured. [6 marks} 2} Prepare a schedule of costs of goods sold. [2 marks} 3} Prepare an income statement. {4 marks} Question 3. (12 marks) Karlene Industries produces plastic Ice cube trays In two processes: heating and stamping. All materials are added at the beginning of the Heating Department process. Karlene uses the weighted averaged method to compute equivalent units. On 1 November 2016, the Heating Department had in process 1,000 trays that were 70% complete. During November, it started into production 12,000 trays. On 30 November. 2016, 2000 trays that were 50% complete were In process. The following cost information for the Heating Department was also available. Work in process, 1 November: Direct material (100% complete} 5640 Conversion costs [70% complete} SE Balance in work in process, 1 November m Costs incurred during November: Direct material $3,000 Conversion costs: Direct labour 52,300 Man ufacturing overhead 3,050 56,3 50 Total production costs incurred during November M Required: 1 Analysis of physical ow of units (2 marks} 2 Calculation of equivalent units [2 marks} 3. Calculation of units cost {4 marks] 4 Analysis of total costs {4 marks] Question 4 . ( 8 marks ) Martinez Building Products Company is one of the largest manufacturers and marketers of unique , custom made residential garage doors in the U. S. It also is a major supplier of industrial and commercial doors , grills , and counter shutters for the new construction , repair , and remodel markets . Martinez uses a job cost system and applies overhead to production on the basis of direct labour* cost . In computing a predetermined overhead rate for the year 2018 , the company estimated manufacturing overhead to be $24 million and direct labour costs to be $20 million . In addition , it developed the following information . Actual costs incurred during 2018 Direct materials used $30, 000, 000 Direct labour cost incurred 21, 000, 000 Insurance for factory 500, 000 Indirect labour 7, 500, 000 Factory maintenance 1, 000 , 000 Rent on factory building 11 , 000 , 000 Depreciation on factory equipment 2, 000, 000 Required 1 ) Why is Martinez Building Products Company using a job costing system ? ( 3 marks ) 2 ) On what basis does Martinez allocate it's manufacturing overhead ? Please calculate the predetermined overhead rate for 2018 . (3 marks ) 3 ) Calculate the amount of the under - or overapplied overhead for 2018 . ( 2 marks )