1. (TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month.   Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume    Create a contribution margin-based income statement. (Points : 30) 2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and B, from a joint process. A single production costs $5,000 and results in 200 units of A and 800 units of B. To be ready for sale, both products must be processed further, incurring seperable costs of $3 per unit for A and $4 per unit for B. The market price for Product A is $15 and for Product B is $10.   Required: Allocate joint production costs to each product using the net realizable value method. (Points : 30)  3.(TCO 6) Santa Inc. manufactures toys based on the following information. Standard costs           Materials (4 ounces at $4)      $16      Direct labor (1 hour per unit)      $7      Variable overhead (based on direct labor hours)      $3.50    Fixed overhead budget $16,000                      Actual results and costs           Materials purchased             Units 10,000            Cost $38,500          Materials used in production             Finished product units 2,200            Raw material (ounces) 9,500            Direct labor hours 2,200            Direct labor cost $18,000            Variable overhead costs $8,400            Fixed overhead costs $16,200                    Required:         Compute the following variances (show calculations).         a. Materials usage variance         b. Labor rate variance         -c. Fixed overhead budget variance       (Points : 30)