Meriden Company has a unit selling price of $560, variable costs per unit of $280, and fixed costs of $222,040.
For Turgo Company, variable costs are 58% of sales, and fixed costs are $185,600. Management’s net income goal is $86,224.
Compute the required sales in dollars needed to achieve management’s target net income of $86,224
For Kozy Company, actual sales are $1,215,000 and break-even sales are $765,450.
Compute the margin of safety in dollars and the margin of safety ratio.
Montana Company produces basketballs. It incurred the following costs during the year.
Direct materials $14,162
Direct labor $25,059
Fixed manufacturing overhead $10,320
Variable manufacturing overhead $32,289
Selling costs $21,428
What are the total product costs for the company under variable costing?
For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $316,400 budget; $325,400 actual.
Gundy Company expects to produce 1,279,320 units of Product XX in 2012. Monthly production is expected to range from 75,150 to 110,410 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $8, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $2.