Brief Exercise 18-8

Exercise 19-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.

Variable Costs per Unit
Direct materials	$7.95
Direct labor	$3.66
Variable manufacturing overhead	$6.15
Variable selling and administrative expenses	$4.13
Fixed Costs per Year
Fixed manufacturing overhead	$251,750
Fixed selling and administrative expenses	$222,706

Siren Company sells the fishing lures for $26.50. During 2017, the company sold82,000lures and produced95,000lures.

(a) Assuming the company uses variable costing, calculate Sirens manufacturing cost per unit for 2017.(Round answer to 2 decimal places, e.g.10.50.)

Manufacturing cost per unit

$

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(b) The parts of this question must be completed in order. This part will be available when you complete the part above.

(c) The parts of this question must be completed in order. This part will be available when you complete the part above.

(d) The parts of this question must be completed in order. This part will be available when you complete the part above.

Brief Exercise 19-16

The Rock Company produces basketballs. It incurred the following costs during the year.

Direct materials	$14,250
Direct labor	$25,150
Fixed manufacturing overhead	$12,000
Variable manufacturing overhead	$29,250
Selling costs	$21,500

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

Total product costs

$

Brief Exercise 18-11 For Astoria Company, actual sales are $11,833,000, and break-even sales are $6,632,000.

Compute the margin of safety in dollars.

Margin of safety

$

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Compute the margin of safety ratio.(Round margin of safety ratio to 0 decimal places, e.g. 1,225.)

Margin of safety ratio

%

Rice Company has a unit selling price of $500, variable costs per unit of $140, and fixed costs of $121,000.

Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin.(Round answers to 0 decimal places, e.g. 1,225.)

(a) Mathematical Equation	(b) Unit contribution margin
Break-even point		units		units

Brief Exercise 18-10

For Flynn Company, variable costs are56% of sales, and fixed costs are $193,000. Managements net income goal is $70,000.

Compute the required sales in dollars needed to achieve managements target net income of $70,000. (Use the contribution margin approach.)(Round answer to 0 decimal places, e.g. 1,225.)

Required sales

$

Exercise 19-7 PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil changerelated services represent60% of its sales and provide a contribution margin ratio of25%. Brake repair represents40% of its sales and provides a45% contribution margin ratio. The companys fixed costs are $15,630,000(that is, $78,150per service outlet).

Calculate the dollar amount of each type of service that the company must provide in order to break even.(Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

Oil changes	$
Brake repair	$

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The company has a desired net income of $55,000per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet?(Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

Oil changes	$
Brake repair	$