Accounting Help

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For Turgo Company, variable costs are 57% of sales, and fixed costs are $186,100. Management’s net income goal is $87,552. Compute the required sales in dollars needed to achieve management’s target net income of $87,552.

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		$7.65
Direct labor		$2.50
Variable manufacturing overhead		$5.87
Variable selling and administrative expenses		$3.98

Fixed Costs per Year
Fixed manufacturing overhead		$238,896
Fixed selling and administrative expenses		$244,902

Polk Company sells the fishing lures for $25.50. During 2012, the company sold 80,500 lures and produced 94,800 lures.

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(a)

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

For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $327,800 budget; $334,300 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	$	$	$

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Gundy Company expects to produce 1,270,800 units of Product XX in 2012. Monthly production is expected to range from 74,600 to 109,120 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $8, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2. Prepare a flexible manufacturing budget for the relevant range value using 17,260 unit increments. (List variable costs before fixed costs.)

GUNDY COMPANY Monthly Flexible Manufacturing Budget For the Year 2012



	$	$	$


	$	$	$




	$	$	$

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