• 100% Satisfaction Guarantee

Johnmark1900, Associate Degree
Category: Multiple Problems
Satisfied Customers: 408
Experience:  I am a qualified Chartered Accountant, working as finance manager for reputable organization
Type Your Multiple Problems Question Here...
Johnmark1900 is online now

# Meriden Company has a unit selling price of \$730, variable

### Resolved Question:

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

\$
\$
\$

\$
\$
\$

\$
\$
\$
Submitted: 1 month ago.
Category: Multiple Problems
Expert:  Johnmark1900 replied 1 month ago.
Hello,
I am working on your question. will get back to you soon.
thanx
Customer: replied 1 month ago.

Okay thank you

Expert:  Johnmark1900 replied 1 month ago.
Hello
.

As committed by me, click here for the solution.If you have any query please feel free to inquire, else give me POSITIVE RATING, so that i can be paid.

I SHALL BE GLAD TO ASSIST YOU IN FUTURE IF YOU LIKE MY WORK YOU CAN DIRECT YOUR POST TO ME BY TYPING "FOR JOHNMARK" BEFORE YOUR POST.

Thanx

Johnmark1900, Associate Degree
Satisfied Customers: 408
Experience: I am a qualified Chartered Accountant, working as finance manager for reputable organization

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### linda_us

#### Satisfied Customers:

1051
Business Analyst and Solution Consultant with over 9 years of experience.
< Last | Next >

### linda_us

#### Satisfied Customers:

1051

Business Analyst and Solution Consultant with over 9 years of experience.

### Mr. Gregory White

#### Satisfied Customers:

775

M.A., M.S. Education / Educational Administration

### FiveStarLaw

#### Satisfied Customers:

565

Lawyer, Accountant and Researcher

### Manal Elkhoshkhany

#### Satisfied Customers:

528

Completed by BA degree in 1988 and graduated with a GPA of 4.0

### F. Naz

#### Satisfied Customers:

384

have completed B.Com and CA Finalist

### Bizhelp

#### Satisfied Customers:

373

BA degree and Certified Public Accountant