Break-even points, required sales, budget, and expenses

Brief Exercise 18-8

Meriden Company has a unit selling price of $790, variable costs per unit of $395, and fixed costs of $329,825.

Compute the break-even point in units using the mathematical equation.
Break-even point
units
Brief Exercise 18-10

For Turgo Company, variable costs are 64% of sales, and fixed costs are $186,400. Management's net income goal is $58,256.

Compute the required sales in dollars needed to achieve management's target net income of $58,256.
Required sales $

Brief Exercise 18-11

For Kozy Company, actual sales are $1,224,000 and break-even sales are $771,120.

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 $14,341
Direct labor $25,017
Fixed manufacturing overhead $10,240
Variable manufacturing overhead $32,370
Selling costs $20,812

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 $8.10
Direct labor $2.65
Variable manufacturing overhead $6.21
Variable selling and administrative expenses $4.21

Fixed Costs per Year
Fixed manufacturing overhead $254,985
Fixed selling and administrative expenses $259,308

Polk Company sells the fishing lures for $27.00. During 2012, the company sold 81,000 lures and produced 95,500 lures.

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 $

Brief Exercise 21-1

For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $326,600 budget; $329,100 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 1,289,880 units of Product XX in 2012. Monthly production is expected to range from 72,460 to 103,460 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 $2.

Prepare a flexible manufacturing budget for the relevant range value using 15,500 unit increments. (List variable costs before fixed costs.)
GUNDY COMPANY
Monthly Flexible Manufacturing Budget
For the Year 2012

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