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 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 $ $ $ $ $ $ $ $ $