Please answer all questions and show work.

1. Thompsons Inc. just finished their fiscal year and are preparing the P\&L. They had sales of $1M. The direct material cost was based on their computerized inventory control system was valued at $400K. Direct labor was valued at $200K, using their new time management system. The overhead was valued at 200K, based on their standard allocation method. Based on this information they calculated their preliminary gross profit at $200K. A decision was made to conduct a complete physical inventory. After completion, the direct material cost was adjusted to $450K in the books. a. What is the new gross profit? 2. A company is working on its production plan for a product line. In this case, the starting backlog is 1,000 units. The anticipated demand is as shown below. a. How much should the company run per week (assume a level production strategy) if the desired ending backlog is 1300 units. 3. Acme sells 2 products, X and Y. The bill of materials (BOM's) are shown. Also, the part planning parameters are shown in the table. Part X and Y MPS is also shown belnw Calculate all gross requirements and planned order releases for all dependent items. Use same format as in the text 1. Thompsons Inc. just finished their fiscal year and are preparing the P\&L. They had sales of $1M. The direct material cost was based on their computerized inventory control system was valued at $400K. Direct labor was valued at $200K, using their new time management system. The overhead was valued at 200K, based on their standard allocation method. Based on this information they calculated their preliminary gross profit at $200K. A decision was made to conduct a complete physical inventory. After completion, the direct material cost was adjusted to $450K in the books. a. What is the new gross profit? 2. A company is working on its production plan for a product line. In this case, the starting backlog is 1,000 units. The anticipated demand is as shown below. a. How much should the company run per week (assume a level production strategy) if the desired ending backlog is 1300 units. 3. Acme sells 2 products, X and Y. The bill of materials (BOM's) are shown. Also, the part planning parameters are shown in the table. Part X and Y MPS is also shown belnw Calculate all gross requirements and planned order releases for all dependent items. Use same format as in the text