Meriden Company has a unit selling price of $550, variable

1. Meriden Company has a unit selling price of $550, variable costs per unit of $330,and fixed costs of $154,220.Compute the break-even point in units using the mathematical equation.Break-even point___________ units2. For Turgo Company, variable costs are 60% of sales, and fixed costs are $184,800.Management’s net income goal is $88,600.Compute the required sales in dollars needed to achieve management’s target netincome of $88,600.Required sales$ _____3. For Kozy Company, actual sales are $1,242,000 and break-even salesare $782,460.Compute the margin of safety in dollars and the margin of safety ratio.$Margin of safetyMargin of safetyratio%4. Montana Company produces basketballs. It incurred the followingcosts during the year.Direct materialsDirect laborFixed manufacturing overheadVariable manufacturing overheadSelling costs$14,835$25,314$10,410$31,705$21,214What are the total product costs for the company under variablecosting?Total productcosts$5.Polk Company builds custom fishing lures for sporting goods stores. Inits first year of operations, 2012, the company incurred the followingcosts.Variable Cost per UnitDirect materialsDirect laborVariable manufacturing overheadVariable selling and administrative expenses$8.25$2.70$6.33$4.29Fixed Costs per YearFixed manufacturing overheadFixed selling and administrative expenses$258,400$264,110Polk Company sells the fishing lures for $27.50. During 2012, thecompany sold 80,600 lures and produced 95,000 lures.IE(a)Assuming the company uses variable costing, calculate Polk’smanufacturing cost per unit for 2012. (Round answer to 2 decimalplaces, e.g.10.50.)Manufacturing cost per unitb.$c.d.6. For the quarter ended March 31, 2012, Maris Company accumulatesthe following sales data for its product, Garden-Tools: $321,900 budget;$331,000 actual.Prepare a static budget report for the quarter.MARIS COMPANYSales Budget ReportFor the Quarter Ended March 31, 2012ProductLineGardenToolsIEBudgetActualDifference$$$7. Gundy Company expects to produce 1,252,200 units of Product XX in2012. Monthly production is expected to rangefrom 74,070 to 114,290 units. Budgeted variable manufacturing costsper unit are: direct materials $5, direct labor $6, and overhead $11.Budgeted fixed manufacturing costs per unit for depreciation are$4 and for supervision are $2.Prepare a flexible manufacturing budget for the relevant range valueusing 20,110 unit increments. (List variable costs before fixedcosts.GUNDY COMPANYMonthly Flexible Manufacturing BudgetFor the Year 2012$$$$$$