Please help answer these two sets of questions/problems

Problem 1:

Problem 2:

In addition, the following sales unit volume information for the period is as follows: Mountain Monster Desert Dragon Sales unit volume 5,200 5,050 Required: a. Prepare a contribution margin by product report. Calculate the contribution margin ratio for each. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries b. What advice would you give to the management of PowerTrain Sports Inc. regarding the relative profitability of the two products? PowerTrain Sports Inc. Score: 38/78 Contribution Margin by Product Mountain Desert Dragon Monster $28,080,000.00 $26,386,250.00 Revenues Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Contribution margin ratio 2 3 5,359,290.00 4 $2,110.00 5 6 $1,080.00 7 Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (18,000 units) Production costs (23,000 units): $1,800,000 Direct materials Direct labor Variable factory overhead Fixed factory overhead $851,000 409,400 204,700 135,700 1,600,800 Selling and administrative expenses: Variable selling and administrative expenses $248,100 Fixed selling and administrative expenses 96,000 344,100 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Mountain Desert Dragon Monster 2 Sales price 3Variable cost of goods sold 4 Manufacturing margin 5 Variable selling expenses 6 Contribution margin 7 Fixed expenses 8 Income from operations $5,400.00 3,290.00 $2,110.00 1,030.00 $1,080.00 475.00 $605.00 $5,225.00 3,500.00 $1,725.00 889.00 $836.00 315.00 $521.00 b. Prepare an income statement according to the variable costing concept. Shawnee Motors Inc. Variable Costing Income Statement For the Month Ended August 31 Sales Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: 1,800,000 v 63.7 X 248,100V Fixed factory overhead 135,700 Fixed selling and administrative expenses96,000 Total fixed costs Income from operations