student no. 0364863

Part 6 (Chapter 10 content) 15 Marks The Smart Flashlight Company projected yearly sales of 12,000 plus last 2 digits of student number units at $15.00 per unit. Actual sales for the year were 15,000 plus last 2 digits of student number units at $16.00 per unit. Variable expenses, budgeted at $10.00 per unit, actually amounted to $15.00 per unit. Fixed expenses, budgeted at $50,000, actually totalled $48,000. Required: Prepare the Smart Flashlight Company's contribution margin income statement performance report for the year ended December 31, including both flexible budget variances and sales volume variances, using the template included in the Excel spreadsheet provided. Part 7 (Chapter 4 content) 12 Marks Over Armour Clothing Company sells shirts. The company has a targeted operating income of $500,000 for the upcoming year. The selling price of their single product is $35.50 plus last digit of student number each, while the variable cost per unit is $10.50 plus last digit of student number. Fixed costs total $270,000. Required: Calculate the following: 1. Contribution margin per unit. 2. Break-even point in units. 3. Units to be sold to earn the targeted operating income