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ACC - Misc. Problems




Question;(a) For Kozy Company, actual sales are $1,173,000 and break-even sales are $797,640.;Compute the margin of safety in dollars and the margin of safety ratio.;(b) Montana Company produces basketballs. It incurred the following costs during the year.;Direct materials $14,567Direct labor $25,862Fixed manufacturing overhead $9,712Variable manufacturing overhead $31,984Selling costs $20,828;What are the total product costs for the company under variable costing?;(c) For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $326,100 budget, $337,600 actual.;Prepare a static budget report for the quarter.MARIS COMPANYSales Budget ReportFor the Quarter Ended March 31, 2012Product Line Budget Actual DifferenceGarden-Tools $ $ $;(d) Gundy Company expects to produce 1,222,920 units of Product XX in 2012. Monthly production is expected to range from 78,580 to 119,060 units. Budgeted variable manufacturing costs per unit are: direct materials $3, direct labor $8, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $3.;Prepare a flexible manufacturing budget for the relevant range value using 20,240 unit increments. (List variable costs before fixed costs.)


Paper#43137 | Written in 18-Jul-2015

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