Cost Accounting Help

I need help with these questions in 1 hour and 30 mins. Please don’t request if you can’t have back in time. Thanks

1. Texas Co. expects sales of 20,000 units of S1 in September. DX1 is its most popular high performance desktop model. The sales manager is confident that, between October and December, the total sales will have a 40% growth rate each month from the month before. Each unit requires 30 sets of micro chip. The firm has a policy to maintain inventory at the end of each month equal to 20% of the following month’s estimated sales. The same policy applies also to the micro chips and components required to assemble the finished product.

1. What is the budgeted production (in units) for each of the months September, October, and November?
2. How many sets of micro chip does the company plan to purchase in September and in October? 

2. Texas Co. established the following overhead cost pools and cost drivers:
          Budgeted    Estimated      Overhead Cost Pool Overhead  Cost Driver Cost Driver Level     Quality controls $780,000  # of inspections 26,000  inspections   Machine setups $720,000  # of setups 12,000  setups   Other overhead costs $900,000  # of machine hrs  50,000  machine hrs   Total overhead costs $2,400,000                     A recent order for sailboats used:           Quality inspections 750  inspections       Machine setups 500  setups       Machine hours (MHs) 2,400  machine hours        
a.  What is the overhead rate per machine hour if the number of machine hours (MHs) is used as a single cost driver under traditional costing system? 
b.  Utilizing traditional costing, how much overhead is assigned to the order  based on machine hours as a single cost driver? 
c.  Utilizing ABC, how much total overhead is assigned to the order?  

3. Texas Co. plans to produce and sell electronic products. The projected data for producing its products are as follows:                     Budgeted sales (in units) 3,000               Selling price per unit $60                Variable costs per unit $36                Total fixed costs $40,000                Income tax rate 30%               Desired profits after tax $35,000                                  Required)  Please answer the following questions and show all your works (formula and numbers) to get full credits.    
a. What are the contribution margin per unit and CM ratio?  
 b. How many units (per year) would it have to produce in order to break even?    
c. To earn the desire after-tax profits, how many units would it have to sell/produce?    
d. Calculate the margin of safety ratio in the budgets amounts are sold. Define what is meant by the MOS.   
e. Calculate the degree of operating leverage if the budgets amount are sold. Define what is meant by the DOL.

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