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

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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. Managementâ€™s net income goal is \$62,875.

Compute the required sales in dollars needed to achieve managementâ€™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 Polkâ€™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 \$
\$ \$