The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2010Cash and securities $1,290Accounts receivable 9,890Inventories 13,760Total current assets $24,940Net plant and equipment $18,060Total assets $43,000Liabilities and EquityAccounts payable $8,170Notes payable 6,020Accruals 4,730Total current liabilities $18,920Long-term bonds $8,815Total debt $27,735Common stock $5,805Retained earnings 9,460Total common equity $15,265Total liabilities and equity $43,000Income Statement (Millions of $) 2010Net sales $51,600Operating costs except depreciation 48,246Depreciation 903Earnings bef interest and taxes (EBIT) $2,451Less interest 927Earnings before taxes (EBT) $1,524Taxes 533Net income $990Other data:Shares outstanding (millions) 500.00Common dividends (millions of $) $346.67Int rate on notes payable & L-T bonds 6.25%Federal plus state income tax rate 35%Year-end stock price $23.7(a) What is the firm's BEP?(b) What is the firm's profit margin?(c) What is the firm's operating margin?

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Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

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