ACC 561 – Week 5 – Assignment –WileyPLUS
Brief Exercise 18-8
Meriden Company has a unit selling price of $570, variable costs per
unit of $284, and fixed costs of $233,130.
Compute the break-even point in units
using the mathematical equation.
What is the Break even point unit ?
Brief Exercise 18-10
For Turgo Company, variable costs are 63% of sales, and fixed costs
are $184,500. Management’s net income goal is $51,338.
Compute the required sales in dollars needed to achieve management’s target net
income of $51.338.
Required sales is?
Brief Exercise 18-11
For KozyCompany, actual sales are $1,104,000 and break-even sales
are $761,760.
Compute the margin of safety in dollars and the margin of safety ratio
Margin of safety is ?
margin of safety ratio is?
Brief Exercise 19-16
Montana Company produces basketballs. It incurred the following costs
during the year.
|
Direct materials |
$14,330 |
|
|
Direct labor |
$25,447 |
|
|
Fixed manufacturing overhead |
$9,961 |
|
|
Variable manufacturing overhead |
$31,715 |
|
|
Selling costs |
$20,543 |
What are the total product
costs for the company under variable costing?
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 |
$8.18 |
|
|
Direct labor |
$2.67 |
|
|
Variable manufacturing overhead |
$6.27 |
|
|
Variable selling and administrative |
$4.25 |
|
|
Fixed Costs per Year |
||
|
Fixed manufacturing overhead |
$255,819 |
|
|
Fixed selling and administrative expenses |
$261,709 |
Polk
Company sells the fishing lures for $27.25. During 2012, the company
sold 80,200 lures and produced 95,100 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 |
|
|
Is ? |
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