# Meriden company has a unit selling price

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
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 selling and administrative expenses \$4.17
Fixed Costs per Year
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 \$
\$
\$
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
\$
\$
\$
\$
\$
\$
\$
\$
\$

Get 20% Discount on this Paper
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

## Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.