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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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