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Meriden Company has a unit selling price of $730, variable costs per unit of $438, and fixed costs of $195,932.




Meriden Company has a unit selling price of $730, variable costs per unit of $438, and fixed costs of $195,932.;Compute the break-even point in units using the mathematical equation.;Break-even point;units;For Turgo Company, variable costs are 65% of sales, and fixed costs are $176,700. Management?s net income goal is $62,875.;Compute the required sales in dollars needed to achieve management?s target net income of $62,875.;Required sales $;For Kozy Company, actual sales are $1,178,000 and break-even sales are $777,480.;Compute the margin of safety in dollars and the margin of safety ratio.;Margin of safety $;Margin of safety ratio;%;Montana Company produces basketballs. It incurred the following costs during the year.;Direct materials $14,444;Direct labor $25,073;Fixed manufacturing overhead $9,836;Variable manufacturing overhead $31,563;Selling costs $21,066;What are the total product costs for the company under variable costing?;Total product costs $;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 $8.03;Direct labor $2.62;Variable manufacturing overhead $6.15;Variable selling and administrative expenses $4.17;Fixed Costs per Year;Fixed manufacturing overhead $250,272;Fixed selling and administrative expenses $256,907;Polk Company sells the fishing lures for $26.75. During 2012, the company sold 80,100 lures and produced 94,800 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 $;For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $322,900 budget, $330,000 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 $;$;$;Link to Text;Brief Exercise 21-4;Gundy Company expects to produce 1,272,600 units of Product XX in 2012. Monthly production is expected to range from 84,440 to 116,020 units. Budgeted variable manufacturing costs per unit are: direct materials $3, direct labor $7, and overhead $9. 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 15,790 unit increments. (List variable costs before fixed costs.);GUNDY COMPANY;Monthly Flexible Manufacturing Budget;For the Year 2012


Paper#77058 | Written in 18-Jul-2015

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