ACC 561 Week 5 Assignment WileyPLUS – latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-5-Assignment-WileyPLUS-Latest-489493555.htm? categoryId=-1
If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com
Brief Exercise 18-8 Meriden 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 18-10 For Turgo Company, variable costs are 57% of sales, and fixed costs are $178,700. Management’s net income goal is $82,525. Compute the required sales in dollars needed to achieve management’s target net income of $82,525. Required sales
$
Brief Exercise 18-11 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 19-16 Montana Company produces basketballs. It incurred the following costs during the year. Direct materials Direct labor
$14,283 $25,755
Fixed manufacturing overhead
$10,420
Variable manufacturing overhead Selling costs
$32,191
$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 Direct labor
$8.25 $2.70
Variable manufacturing overhead
$6.33
Variable selling and administrative expenses
$4.29
Fixed Costs per Year Fixed manufacturing overhead
$260,032
Fixed 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 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.
(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.
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 COMPANY Sales Budget Report For the Quarter Ended March 31, 2012 Product Line Garden-Tools
Budget
Actual
Difference
$
$ $
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.