ACC 561 Week 5 Wiley Plus Assignment - UOP Work

ACC 561 Week 5 Wiley Plus Assignment - UOP Work
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ACC 561 Wiley Plus Week 5


Exercise  18-8

Meriden Company has a unit selling price of $700, variable costs per unit of $350, and fixed costs of $302,750.

Compute the break-even point in units using the mathematical equation.


Exercise  18-10

For Turgo Company, variable costs are 63% of sales, and fixed costs are $182,600. Management’s net income goal is $72,589.

Compute the required sales in dollars needed to achieve management’s target net income of $72,589.

Exercise  18-11

For Kozy Company, actual sales are $1,112,000 and break-even sales are $711,680.

Compute the margin of safety in dollars and the margin of safety ratio.


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?


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 $27.25. During 2012, the company sold 80,800 lures and produced 95,300 lures.



Exercise  21-1


For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $314,200 budget; $334,300 actual.

Prepare a static budget report for the quarter.


Exercise  21-4

Gundy Company expects to produce 1,314,600 units of Product XX in 2012. Monthly production is expected to range from 84,070 to 114,630 units. Budgeted variable manufacturing costs per unit are: direct materials $3, direct labor $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $2.

Prepare a flexible manufactur