accountimg homework-Brief Exercise 18-10,21-1,21-4

Brief Exercise 18-10
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For Turgo Company, variable costs are 64% of sales, and
fixed costs are $185,300. Management’s net income goal is $31,852.

Compute the required sales in dollars needed to achieve
management’s target net income of $31,852.
Required sales $

Brief Exercise 19-16

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Montana Company produces basketballs. It incurred the
following costs during the year.
Direct materials $14,031
Direct labor $25,339
Fixed manufacturing overhead $10,240
Variable manufacturing overhead $31,549
Selling costs $20,651

What are the total product costs for the company under
variable costing?
Total product costs $

Brief Exercise 21-1
For the quarter ended March 31, 2012, Maris Company
accumulates the following sales data for its product, Garden-Tools: $327,800
budget; $325,300 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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Brief Exercise 21-4
Gundy Company expects to produce 1,202,520 units of Product
XX in 2012. Monthly production is expected to range from 89,080 to 123,580
units. Budgeted variable manufacturing costs per unit are: direct materials $3,
direct labor $8, and overhead $10. Budgeted fixed manufacturing costs per unit
for depreciation are $5 and for supervision are $3.

Prepare a flexible manufacturing budget for the relevant
range value using 17,250 unit increments. (List variable costs before fixed
costs.)
GUNDY COMPANY
Monthly Flexible Manufacturing Budget
For the Year 2012

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