Question: Please use 4 decimal price Question 4 [18 points} Ursula's Toy Manufacmring makes aluminum sewing carts for use In their underwater submarine rides. During 2013.

Please use 4 decimal price

Please use 4 decimal price Question 4 [18 points} Ursula's Toy Manufacmring

Question 4 [18 points} Ursula's Toy Manufacmring makes aluminum sewing carts for use In their underwater submarine rides. During 2013. the following costs were incurred: PERCENT 3:39:01 AMOUNT _ mgr; VARIABLE Direct material. $440,000 100 Direct labor 90,000 // 100 Variable manufacturing overhead 70.000 . 100 Fixed manufacturing overhead 800,000 100 Selling costs 950,000 45 '55 Administration costs I 570.000 85 15 Sales for 2014 totaled $3,164,000 and there were no beginning and ending inventories. - Required: . ALL CALCULATIONS MUST BE SHOWN l 1) Prepare a contribution income statement for the year ended December 31. 2013. 2) Determine the sales required to break even. 3) Determine the sales required to make a $420, 000 prot per year

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