Question: need help as soon as possible please ! Part 2. Problems. There are four problems. Each one is worth the score indicated next to the

Part 2. Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit. You may attach extra pages if you so desire. Please be NEAT when writing your answers. I cannot grade illegible answers. ( 40 points possible) 1. (12 points) Penny Black Ltd., which has only one product, has provided the following data concerning its most recent month of operations: Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare an income statement for the month using the contribution format and the variable costing method. d. Prepare an income statement for the month using the traditional format and the absorption costing method. 2. (12 points) Perkins Company produces and sells a single product. The company's income statement for the most recent month is given below: There are no beginning or ending inventories. Required: a. Compute the company's break-even point in units and sales dollars. b. What would the company's monthly net operating income be if sales and total variable costs increased by 25% and total fixed factory overhead dropped by $30,000 ? c. What total level of sales (in units) must the company achieve in order to earn a target profit of $95,000 ? d. The company has decided to automate a portion of its operations. The change will reduce direct labor costs per unit by 75%, but it will double the costs for fixed factory overhead. Every other cost remains unchanged. Compute the new break-even point in units
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