PLEASE HELP ME ANSWER THIS PROBLEMS 3, 4, 5 AND 6 PLEASE

PROBLEM 5. Nova Company began operations on January 1 to PROBLEM 3. The following data relate to Legend Company, a produce a fishing rods. It used a standard absorption costing new corporation, during a period when the firm produced and system with a planned production volume of 100,000 units. sold 120,000 units and 115,000 units, respectively: During its first year of operations, no variances were incurred and there were no fixed selling or administrative expenses. Direct materials used P360,000 Inventory on December 31 was 20,000 units, and net income for Direct labor 240,000 the year was P480,000. Fixed overhead 300,000 Variable overhead 180,000 If Nova had used variable costing, its net income would have Fixed selling & adm expenses 260,000 been P440,000. Compute the breakeven point in units. Variable selling & adm expenses 57,500 The company met its original planned production target of PROBLEM 6. Lj Company had net income for the first 10 120,000 units. There were no variances during the period, and months of the current year of P300,000. One hundred the firm's selling price is P15 per unit. thousand units were manufactured during the period, and 100,000 units were sold. Fixed manufacturing overhead was Required: P3M over the 10-month period. There are no selling and 1. What is the cost of Legend's end-of-period finished-goods administrative expenses for Lj Company. Both variable and inventory under the variable-costing method? fixed costs are expected to continue at the same rates for the Calculate the company's variable-costing net income. balance of the year (i.e., fixed costs at P300,000 per month and 3. Calculate the company's absorption-costing net income. variable costs at the same variable cost per unit). There were 10,000 units in inventory on October 31. Twenty thousand units are to be produced and 19,000 units are to be sold in total over the last two months of the current year. Assume the PROBLEM 4. Sophia, a florist, operates retail stores in several standard unit variable cost is the same in the current year as in the previous year. shopping malls. The average selling price of an arrangement is P30 and the average cost of each sale is P18. Required: 1. If operations proceed as described, will net income be A new mall is opening where Sophia wants to locate a store, higher under variable or absorption costing for the current but the location manager is not sure about the rent method to year in total? Why? accept. 2. If operations proceed as described, what will net income for the year in total be under: The mall operator offers the following three options for its a) variable costing; and retail store rentals: b) absorption costing? 1. paying a fixed rent of P15,000 a month, or Ignore income taxes. 2. paying a base rent of P9,000 plus 10% of revenue received, or 3. paying a base rent of P4,800 plus 20% of revenue received up to a maximum rent of P25,000. Required: a. For each option, compute the breakeven sales and the monthly rent paid at break-even. b. Which of the three options is preferable based on the following expected sales? 1) 1,200 arrangement 2) 1,750 arrangement 3) 3,500 arrangement