Can you please see the attachments and help to answer them

APU STATISTICS 332 SPSS Week 6 Assignment (Latest)

September 26, 2018

ECON 212-1501A-04 Principles of Microeconomics

September 26, 2018

Solution
18-10 wrong.

Variable
costs = 56% of sales

Fixed costs =
$187,100

Management’s
net income goal = $82,092

Contribution
margin ratio = (100%-variable cost percentage)

Contribution
margin ratio = (100%-56%)

Contribution
margin ratio = 54%

Required sales
to reach target income of $82,092 = (Total fixed cost + Target
income)/(Contribution margin ratio)

Required
sales to reach target income of $82,092 = (187100+82092)/54%

Required
sales to reach target income of $82,092 = $498,503.7

Answer wrong
according to book

Solution
19-17

a)
Manufacturing cost per unit (variable costing) = Direct material + Direct
labor + Variable manufacturing overhead

Manufacturing
cost per unit (variable costing) = $7.73 + $2.52 + $5.92

Manufacturing
cost per unit (variable costing) = $16.17 per unit

b) Variable
costing income statement:-

POLK COMPANY

Income
statement

For the year
ended December 31, 2012

Variable
costing

Have to show
debit and credit columns

Categories
Wrong

Amt.

Book only has
these categories:

Sales

$
2,060,000.0

admin expenses

variable cost
of godds sold

Less: Variable
costs

$
1,615,200.0

Contribtn
margin

variable
selling and admin expenses

fixed
manufacturing overhead

Contribution
margin

$
444,800.0

fixed selling
and admin expenses

Less: Fixed
costs

$
450,503.0

gross profit

net income/loss

Operating
profit

$ (5,703.0)

sales

total fixed
expenses

total variable
expenses

d) Absorption
costing income statement:-