ACC 561 Week 5 Assignment WileyPLUS

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S   Brief Exercise 18-8Meriden Company has a
unit selling price of 590, variable costs per
unit of 354, and fixed costs of
203,432. Compute the break-even point in units
using the mathematical equation.Break-even
point           units Brief Exercise 18-10For
Turgo Company, variable costs are 57 of sales,
and fixed costs are 178,700. Managements net
income goal is 82,525. Compute the required
sales in dollars needed to achieve managements
target net income of 82,525.Required sales  
          Brief Exercise 18-11
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For Kozy Company, actual sales are 1,270,000 and
break-even sales are 825,500. Compute the margin
of safety in dollars and the margin of safety
ratio.Margin of safety           Margin of
safety ratio            Brief Exercise
19-16Montana Company produces basketballs. It
incurred the following costs during the
year.Direct materials        14,283Direct
labor        25,755Fixed manufacturing
overhead        10,420Variable manufacturing
overhead        32,191Selling costs      
 20,932 What are the total product costs for the
company under variable costing?Total product
costs                    Exercise 19-17 Polk
Company builds custom fishing lures for sporting
goods stores. In its first year of operations,
2012, the company incurred the following
costs.Variable Cost per Unit        Direct
materials        8.25Direct labor      
 2.70Variable manufacturing overhead      
 6.33Variable selling and administrative
expenses        4.29         
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Fixed Costs per Year        Fixed manufacturing
overhead        260,032Fixed selling and
administrative expenses        264,110 Polk
Company sells the fishing lures for 27.50.
During 2012, the company sold 81,100 lures and
produced 95,600 lures. a.) Assuming the company
uses variable costing, calculate Polks
manufacturing cost per unit for 2012. (Round
answer to 2 decimal places, e.g.10.50.)Manufactur
ing cost per unit                (b.) Prepare a
variable costing income statement for
2012. (C.) Assuming the company uses absorption
costing, calculate Polks manufacturing cost per
unit for 2012. (Round answer to 2 decimal places,
e.g.10.50.)Manufacturing cost per unit        
  (D.) Prepare an absorption costing income
statement for 2012.   Brief Exercise 21-1 For the
quarter ended March 31, 2012, Maris Company
accumulates the following sales data for its
product, Garden-Tools 329,400 budget 330,600
actual. Prepare a static budget report for the
quarter. MARIS COMPANYSales Budget ReportFor
the Quarter Ended March 31, 2012Product Line  
     Budget        Actual      
 DifferenceGarden-Tools            
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            Brief Exercise 21-4 Gundy Company
expects to produce 1,276,560 units of Product XX
in 2012. Monthly production is expected to range
from 85,120 to 130,440 units. Budgeted variable
manufacturing costs per unit are direct
materials 3, direct labor 7, and overhead 10.
Budgeted fixed manufacturing costs per unit for
depreciation are 5 and for supervision are
2. Prepare a flexible manufacturing budget for
the relevant range value using 22,660 unit
increments. (List variable costs before fixed
costs.) For more classes visit www.assignmentc
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