Part I. Comprehensive problems. Place answers below each question. 1. Points = 4 Instructions Determine the incremental income or loss that Hayes Enterprises would realize by accepting the special order. 2. Points = 4 Instructions Prepare an incremental analysis, which shows the effect of the make-or-buy decision. 3. Points = 12 Instructions Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method. 4. Points = 10 Instructions Mimi Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of June. (Indent credit accounts) Date: Account Debit Credit 5. Points = 12 Instructions Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. Equivalent Units QUANTITIES Physical Units Materials Conversion Costs Work in process, May 1 7,000 Started into production 28,000 Total units 35,000 Units accounted for: Transferred out 30,000 Work in process, May 31 5,000 Total units 35,000 COSTS Unit costs Materials Conversion Costs Total Costs in May $140,000 $160,000 $300,000 Equivalent units Units costs Costs to be accounted for Work in process, May 1 $60,000 Started into production 240,000 $300,000 Cost Reconciliation Schedule Costs accounted for: Transferred out Work in process, May 31: ….Materials ….Conversion costs Total costs $300,000 6. Points = 8 Instructions (a) Prepare the responsibility reports for the Mixing Department for each month. June July Controllable Cost Budget Actual Delta F or U Budget Actual Delta F or U Indirect materials Indirect labor Factory supplies Supervision Total costs · F = Favorable variance · U = Unfavorable variance (b) Comment on the manager's performance in controlling costs during the two-month period. Part II: 25 Multiple Choice Questions @ 2 points each = 50 points. Place answers in the table below: 1. 6. 11. 16. 21. 2. 7. 12. 17. 22. 3. 8. 13. 18. 23. 4. 9. 14. 19. 24. 5. 10. 15. 20. 25. FinalSUMNIll9287jhd72g Part I. 6 Comprehensive problems worth 50 points total 1. Points = 4 Hayes Enterprises produces miniature parasols. Each parasol consists of $1.20 of variable costs and $.90 of fixed costs and sells for $4.50. A French wholesaler offers to buy 9,000 units at $1.40 each, of which Pederson has the capacity to produce. Hayes will incur extra shipping costs of $.12 per parasol. Instructions Determine the .