Ignore the writing in pencil I would like to make sure I am correct and need help with questions 1-4

PLEASE SHOW ALL WORK!!

1) Arkansas Company has fors no begining and nding nventories and has obtained the olowing data y product: wSiC seleS Selling price per unit Direct materials used Direct labor Variable factory overhead Variable selling and administrative expenses Fixed factory overhead Fixed selling and administrative expenses $65 $150,000 $225,000 $60,000 $30,000 20,000 0000s 400,00 Units produced and sold Assume there is excess capacity. There is a special order outstanding for 1,000 units at $40.00 per unit. If Arkansas Company accepts the special order, net income would A) decrease by $28,750 C) decrease by $10,000 E) none of the above. B) increase by $40,000 D) increase by $11,250 2) Predatory pricing occurs when a firm sets A) prices so low that competitors are driven out of the market B) prices below the average cost for each product C) prices below their competitors prices D) prices below the production cost for each product 3) In imperfect competition, if prices have little or no effect on sales volume, demand is 3) A) stable B) highly inelastic C) highly elastic D) unifornm 4) Gomez Company has no beginning and ending inventories, and reports the following data about 4 its only product: Direct materials used Direct labor Fixed indirect manufacturing Fixed selling and administrative Variable indirect manufacturing Variable selling and administrative Selling price(per unit) $470,000 ss vor.Urp $180,000rt.vor $130,000 Cire b $150,000 r,.nan $120,000 cs+ 70,000 $100 30,000 Units produced and sold Gomez Company uses the contribution approach to prepare the income statement. Wha operating income? B) $1,890,000 C) $2,190,000 D) $2,250,000 A) $2,100,000 E) none of the above