Homework Answers
| a] | Cost per unit of fixed MOH and fixed S&A expenses = (1500000+324000)/3000 = | $ 608 |
| b] | Desired ROI per unit = 54000000*20%/3000 = | $ 3,600 |
| c] | Target selling price = 380+290+72+55+608+3600 = | $ 5,005 |
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just E8.7
we markup percentage on the total cost per session d. Calculate the target price...
1)Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative...
1)Compute the cost per unit of the fixed manufacturing overhead
and the fixed selling and administrative expenses.
2) Compute the desired ROI per unit. (Round answers to 0 decimal
places.)
3) Compute the target selling price.
Question 1 Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit Total Direct materials $420 $300 $ 76 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative...
Please answer all parts :))))) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information...
Please answer all parts
:)))))
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $300 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,974,000 $ 60 $ 546,140 The company has a desired ROI of 25%. It has invested assets of $48,692,000. It anticipates production of 3,290 units per year. Compute the cost per unit...
just E. 8.4 c. What is the highest acceptable manufacturing cost Leno would be willing to...
just E. 8.4
c. What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the All-Body swimsuit, if it desired a profit of $25 per unit? (Assume target costing.) E8.4 (LO 2), AP Kaspar Corporation makes a commercial-grade cooking griddle. The following infor mation is available for Kaspar Corporation's anticipated annual volume of 30,000 units. Per Unit Total Direct materials $17 Direct labor $ 8 Variable manufacturing overhead $11 Fixed manufacturing overhead $300,000 Variable selling...
National Corporation needs to set a target price for its newly designed product M14-M16. The following...
National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $26 Direct labor Variable manufacturing overhead Fixed manufacturing overhead $1,377,000 Variable selling and administrative expenses $5 Fixed selling and administrative expenses $ 1,053,000 These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage...
National Corporation needs to set a target price for its newly designed product M14–M16. The following...
National Corporation needs to set a target price for its newly designed product M14–M16. The following data relate to this new product. Per Unit Total Direct materials $23 Direct labor $38 Variable manufacturing overhead $12 Fixed manufacturing overhead $1,343,000 Variable selling and administrative expenses $ 7 Fixed selling and administrative expenses $ 1,027,000 These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price....
National Corporation needs to set a target price for its newly designed product M14–M16. The following...
National Corporation needs to set a target price for its newly designed product M14–M16. The following data relate to this new product. Per Unit Total Direct materials $30 Direct labor $44 Variable manufacturing overhead $11 Fixed manufacturing overhead $1,264,000 Variable selling and administrative expenses $ 5 Fixed selling and administrative expenses $ 1,106,000 These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price....
National Corporation needs to set a target price for its newly designed product M14–M16. The following...
National Corporation needs to set a target price for its newly
designed product M14–M16. The following data relate to this new
product.
Per Unit
Total
Direct materials
$26
Direct labor
$44
Variable manufacturing overhead
$15
Fixed manufacturing overhead
$1,377,000
Variable selling and administrative expenses
$ 5
Fixed selling and administrative expenses
$ 1,053,000
These costs are based on a budgeted volume of 81,000 units produced
and sold each year. National uses cost-plus pricing methods to set
its target selling price....
National Corporation needs to set a target price for its newly designed product M14–M16. The following...
National Corporation needs to set a target price for its newly designed product M14–M16. The following data relate to this new product. Per Unit Total Direct materials $30 Direct labor $44 Variable manufacturing overhead $11 Fixed manufacturing overhead $1,264,000 Variable selling and administrative expenses $ 5 Fixed selling and administrative expenses $ 1,106,000 These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price....
X Your answer is incorrect. Assuming that the volume is 44,800 units, compute the markup percentage...
X Your answer is incorrect. Assuming that the volume is 44,800 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 28% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Markup percentage 4.75 Target selling price $ eTextbook and Media Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed....
Exercise 8-7 (Video) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given...
Exercise 8-7 (Video) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $400 $310 $ 75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,863,900 $ 56 $ 493,770 The company has a desired ROI of 24%. It has invested assets of $50,031,000. It anticipates production of 3,270 units per year. Compute the cost per unit of the...
1)Compute the cost per unit of the fixed manufacturing overhead
and the fixed selling and administrative expenses.
2) Compute the desired ROI per unit. (Round answers to 0 decimal
places.)
3) Compute the target selling price.
Question 1 Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit Total Direct materials $420 $300 $ 76 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative...
Please answer all parts
:)))))
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $300 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,974,000 $ 60 $ 546,140 The company has a desired ROI of 25%. It has invested assets of $48,692,000. It anticipates production of 3,290 units per year. Compute the cost per unit...
just E. 8.4
c. What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the All-Body swimsuit, if it desired a profit of $25 per unit? (Assume target costing.) E8.4 (LO 2), AP Kaspar Corporation makes a commercial-grade cooking griddle. The following infor mation is available for Kaspar Corporation's anticipated annual volume of 30,000 units. Per Unit Total Direct materials $17 Direct labor $ 8 Variable manufacturing overhead $11 Fixed manufacturing overhead $300,000 Variable selling...
National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $26 Direct labor Variable manufacturing overhead Fixed manufacturing overhead $1,377,000 Variable selling and administrative expenses $5 Fixed selling and administrative expenses $ 1,053,000 These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage...
National Corporation needs to set a target price for its newly
designed product M14–M16. The following data relate to this new
product.
Per Unit
Total
Direct materials
$26
Direct labor
$44
Variable manufacturing overhead
$15
Fixed manufacturing overhead
$1,377,000
Variable selling and administrative expenses
$ 5
Fixed selling and administrative expenses
$ 1,053,000
These costs are based on a budgeted volume of 81,000 units produced
and sold each year. National uses cost-plus pricing methods to set
its target selling price....
X Your answer is incorrect. Assuming that the volume is 44,800 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 28% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Markup percentage 4.75 Target selling price $ eTextbook and Media Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed....
Exercise 8-7 (Video) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $400 $310 $ 75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,863,900 $ 56 $ 493,770 The company has a desired ROI of 24%. It has invested assets of $50,031,000. It anticipates production of 3,270 units per year. Compute the cost per unit of the...
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