1. (TCO 2)Juicy Manufacturing Corporation incurred the following costs.Beginning direct materials inventory $12,800 Beginning work-in-process inventory $5,600 Beginning finished goods inventory $15,200 Ending direct materials inventory $12,800 Ending work in process $11,200 Ending finished goods $20,800 Factory supervisor’s salary $22,400 Depreciation on plant $9,600 Sales $640,000 Selling and administrative expenses $100,000 Plant maintenance $4,800 Plant utilities $8,800 Direct material purchases $172,000 Direct labor $192,000 Required: Calculate the following.a. Direct materials usedb. Cost of goods manufacturedc. Cost of goods soldd. Operating income(Points : 20) 2. (TCO 3) Jack and Jill Manufacturing Inc. began the year with the following.UnitsBeginning work-in-process 15,000 30% completeTransferred to finished goods 55,000 Ending inventory 5,000 60% completeMaterials added at the beginning of the process.Required: Calculate the number of equivalent units for the following.a. Materials costs under the weighted average process cost methodb. Conversion costs under the weighted average process cost methodc. Materials costs under the FIFO process cost methodd. Conversion costs under the FIFO process cost method(Points : 20) 3. (TCO 8) Bones Company manufactures two products (X and Z).Overhead costs have been divided into three cost pools that use the following activity drivers.Product# of SetupsMachine HoursPacking OrdersX241,30075Z243,900225Cost per Pool $60,000 $150,000 $30,000 a. What is the allocation (activity) rate per setup using activity-based costing?b. What is the allocation (activity) rate per machine hours using activity-based costing?c. What is the allocation (activity) rate per packing order using activity-based costing?(Points : 20) 4. (TCO 8) Household Manufacturing Inc. sells its product for $80 each.Sales volume averages 10,000 units per year.Recently, its main competitor reduced the price of its product to $68.Maximum expects sales to drop dramatically unless it matches the competitor’s price.In addition, the current profit per unit must be maintained.Information about the product (for production of 10,000) is as follows.Standard QuantityActual QuantityActual CostMaterials (pounds) 2,400 2,500 $50,000 Labor (hours) 600 750 $22,500 Setups (hours)0150 $4,500 Material handling (moves)0500 $4,000 Warranties (number repaired)0300 $21,000 Required:a. Calculate the target cost for maintaining current market share and profitability.b. Calculate the non-value-added cost per unit.c. If non-value-added costs can be reduced to zero, can the target cost be achieved?