please answer these questions by tomorrow.
1. For Flynn Company, variable costs are59% of sales, and fixed costs are $181,000. Managements net income goal is $63,000. Compute the required sales in dollars needed to achieve managements target net income of $63,000. (Use the contribution margin approach.)
2.For Astoria Company, actual sales are $12,157,000, and break-even sales are $6,370,000. compute the margin of safety in dollars
3.The Rock Company produces basketballs. It incurred the following costs during the year.
Direct materials | $14,000 |
Direct labor | $25,000 |
Fixed manufacturing overhead | $11,500 |
Variable manufacturing overhead | $29,000 |
Selling costs | $20,500 |
What are the total product costs for the company under variable costing? 4.
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 | $7.88 | Direct labor | $3.62 | Variable manufacturing overhead | $6.09 | Variable selling and administrative expenses | $4.10 | | Fixed Costs per Year | Fixed manufacturing overhead | $241,960 | Fixed selling and administrative expenses | $220,605 | Siren Company sells the fishing lures for $26.25. During 2017, the company sold80,000lures and produced92,000lures. | | | |
| (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 | $ | | | |
5. 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 | $ | | | | | 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 | $ | | | | |