finance

Meriden Company has a unit selling price of $720, variable costs per unit of $432, and fixed costs of $173,376.

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

Break-even point units

For Turgo Company, variable costs are 57% of sales, and fixed costs are $173,600. Management’s net income goal is $113,339.

Compute the required sales in dollars needed to achieve management’s target net income of $113,339.

Required sales
$

or Kozy Company, actual sales are $1,160,000 and break-even sales are $765,600.

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 $14,800
Direct labor $25,076
Fixed manufacturing overhead $10,250
Variable manufacturing overhead $31,564
Selling costs $21,297

What are the total product costs for the company under variable costing?

Total product costs
$

or the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $311,500 budget; $335,000 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