ACC 561 Wiley Plus Week 5
SOLUTION GUIDE - CHANGE NUMBERS AND GET ANSWERS
Meriden Company has a unit selling price of $700, variable costs per unit of $350, and fixed costs of $302,750.
For Turgo Company, variable costs are 63% of sales, and fixed costs are $182,600. Management’s net income goal is $72,589.
For Kozy Company, actual sales are $1,112,000 and break-even sales are $711,680.
Montana Company produces basketballs. It incurred the following costs during the year.
Polk Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2012, the company incurred the following costs.
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.
Exercise 21-4Gundy 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