#### Words of Wisdom:

"Where ever you go, there you are!!!" - JakeSteel

# Acc 561 Week 5 Assignment Wileyplus

• Date Submitted: 07/20/2016 09:03 PM
• Flesch-Kincaid Score: 53.8
• Words: 511
• Report this Essay
ACC 561 Week 5 Assignment WileyPLUS

Check this A+ tutorial guideline at

http://www.acc561assignment.com/ACC-561/ACC-561-Week-5-Assignment-WileyPLUS

Brief Exercise 18-8
Meriden Company has a unit selling price of \$590, variable costs per unit of \$354, and fixed costs of \$203,432.
Compute the break-even point in units using the mathematical equation.
Break-even point
units
Brief Exercise 18-10
For Turgo Company, variable costs are 57% of sales, and fixed costs are \$178,700. Management’s net income goal is \$82,525.
Compute the required sales in dollars needed to achieve management’s target net income of \$82,525.
Required sales        \$

Brief Exercise 18-11
For Kozy Company, actual sales are \$1,270,000 and break-even sales are \$825,500.
Compute the margin of safety in dollars and the margin of safety ratio.
Margin of safety        \$
Margin of safety ratio
%
Brief Exercise 19-16
Montana Company produces basketballs. It incurred the following costs during the year.
Direct materials        \$14,283
Direct labor        \$25,755
Selling costs        \$20,932
What are the total product costs for the company under variable costing?
Total product costs        \$

Exercise 19-17
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        \$8.25
Direct labor        \$2.70
Variable selling and administrative expenses        \$4.29

Fixed Costs per Year