08 Jun Question ACC 561 – Week 5 – Assignment – WileyPLUS
Question
ACC 561 – Week 5 – Assignment – WileyPLUS
Brief Exercise 18-8
Meriden Company has a unit selling price of $570, variable costs per unit of $284, and fixed costs of $233,130.
Compute the break-even point in units using the mathematical equation.
What is the Break even point unit ?
Brief Exercise 18-10
For Turgo Company, variable costs are 63% of sales, and fixed costs are $184,500. Management’s net income goal is $51,338.
Compute the required sales in dollars needed to achieve management’s target net income of $51.338.
Required sales is?
Brief Exercise 18-11
For Kozy Company, actual sales are $1,104,000 and break-even sales are $761,760.
Compute the margin of safety in dollars and the margin of safety ratio
Margin of safety is ?
margin of safety ratio is?
Brief Exercise 19-16
Montana Company produces basketballs. It incurred the following costs during the year.
Direct materials
$14,330
Direct labor
$25,447
Fixed manufacturing overhead
$9,961
Variable manufacturing overhead
$31,715
Selling costs
$20,543
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