Acc 561 Week 5 Assignment Wileyplus

ACC 561 Week 5 Assignment WileyPLUS
Check this A+ tutorial guideline at

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
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
Fixed manufacturing overhead
Variable manufacturing overhead
Selling costs
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
Variable manufacturing overhead
Variable selling and administrative expenses
Fixed Costs per Year
Fixed manufacturing overhead
Fixed selling and administrative expenses
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