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##### Complete the following in WileyPLUS: *Brief Exercise 18-8 *Brief Exercise 18-10 *Brief Exercise 18-11 *Brief Ex

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Question;Brief Exercise 18-8;Meriden Company has a unit selling price of \$600, variable;costs per unit of \$300, and fixed costs of \$236,400.;Compute the break-even point in units using the mathematical;equation.;Break-even point units;Brief Exercise 18-10;For Turgo Company, variable costs are 55% of sales, and;fixed costs are \$176,600. Management?s net income goal is \$137,860.;Compute the required sales in dollars needed to achieve;management?s target net income of \$137,860.;Required sales;\$;Brief Exercise 18-11;For Kozy Company, actual sales are \$1,120,000 and break-even;sales are \$705,600.;Compute the margin of safety in dollars and the margin of;safety ratio.;Margin of safety;\$;Margin of safety ratio;%;Brief Exercise 19-16;Montana Company produces basketballs. It incurred the;following costs during the year.;Direct materials \$14,150;Direct labor \$25,515;Fixed manufacturing overhead \$9,649;Variable manufacturing overhead \$32,249;Selling costs \$21,232;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 \$7.88;Direct labor \$2.57;Variable manufacturing overhead \$6.04;Variable selling and administrative expenses \$4.10;Fixed Costs per Year;Fixed manufacturing overhead \$247,604;Fixed selling and administrative expenses \$252,105;Polk Company sells the fishing lures for \$26.25. During;2012, the company sold 81,000 lures and produced 95,600 lures.;(a);Assuming the company uses variable costing, calculate Polk?s;manufacturing cost per unit for 2012. (Round answer to 2 decimal places;e.g.10.50.);Manufacturing cost per unit;\$;(b);Prepare a variable costing income statement for 2012.;POLK COMPANY;Income Statement;For the Year Ended December 31, 2012;Variable Costing;\$;\$;\$;(c);Assuming the company uses absorption costing, calculate;Polk?s 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.;POLK COMPANY;Income Statement;For the Year Ended December 31, 2012;Absorption Costing;\$;\$;Brief Exercise 21-1;For the quarter ended March 31, 2012, Maris Company;accumulates the following sales data for its product, Garden-Tools: \$311,800;budget, \$325,800 actual.;Prepare a static budget report for the quarter.;MARIS COMPANY;Sales Budget Report;For the Quarter Ended March 31, 2012;Product Line Budget Actual Difference;Garden-Tools;\$;\$;\$;Brief Exercise 21-4;Gundy Company expects to produce 1,242,960 units of Product;XX in 2012. Monthly production is expected to range from 72,100 to 112,520;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 \$4 and for supervision are \$2.;Prepare a flexible manufacturing budget for the relevant;range value using 20,210 unit increments. (List variable costs before fixed;costs.);GUNDY COMPANY;Monthly Flexible Manufacturing Budget;For the Year 2012;\$;\$;\$;\$Description / Instructions: Complete the following in;WileyPLUS: *Brief Exercise 18-8 *Brief Exercise 18-10 *Brief Exercise 18-11;*Brief Exercise 19-16 *Exercise 19-17 *Brief Exercise 21-1 *Brief Exercise 21-4

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