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Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25%...
Pinkin Inc. needs to determine a price for a new phone model, Pinkin desires a 25%...
Pinkin Inc. needs to determine a price for a new phone model, Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 30,000 phones. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit $ 75 50 Total fixed overhead 85,e00 Total fixed administrative 65,000 Using the total cost method what price should Pinkin charge? Saved Multiple Choice $156.10 $162.50 $130.10 $142.50 $161.25 Next 19 of 20 Prev Pauley...
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 31,000...
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 31,000 units and wants a target profit of $23 per unit. Additional information is as follows: 28 Variable product cost per unit Variable administrative cost per unit 23 11 8 01:32:37 Total fixed overhead 29,500 48,000 Total fixed administrative Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice 65% 65% 28 70% 01:32:32 86% 75% 74%
Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000...
Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $82 per unit. Additional information is as follows: Variable product cost per unit $ 79 Variable administrative cost per unit 21 Total fixed overhead 42,000 Total fixed administrative 31,000 Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice 94.1% 80.1% 96.6% 98.20% 91.7%
25 Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product...
25 Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor Selling and admin. exp. 140,000 Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,500 units of cell phones are as follows: Fixed costs: Variable costs: Direct materials $ 72 per unit Factory overhead $235,700 Selling and administrative expenses 82,800 Direct labor Factory overhead 17 Selling and administrative expenses $144 per unit Total variable cost per unit Smart Stream desires a profit equal to a 15%...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $ 89 per unit Factory overhead $270,800 Direct labor 41 Selling and administrative expenses 95,200 Factory overhead 27 Selling and administrative expenses 21 Total variable cost per unit $178 per unit Smart Stream desires a profit equal to...
Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing....
Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 140,000 Direct labor 25 Selling and admin. exp. Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,500 units of cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $ 80 Factory overhead $179,800 Direct labor 37 Selling and administrative expenses 63,200 Factory overhead 24 Selling and administrative expenses 19 Total variable cost per unit $160 Smart Stream desires a profit equal to a 15%...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,600 Direct labor 8,100 6,000 Factory overhead Total manufacturing cost $29,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $504,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,220 handbags b....
Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 8,000 units of cellular phones are as follows:
Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 8,000 units of cellular phones are as follows:Variable costs:Fixed costs: Direct materials$ 80per unit Factory overhead$383,000 Direct labor37 Selling and admin. exp.134,600 Factory overhead24 Selling and admin. exp.19 Total$160per unitVoice Com desires a profit equal to a 15% rate of return on invested assets of $560,000.Assume that Voice Com, Inc., uses the variable cost concept of applying the cost-plus approach to product pricing.a. Determine the variable costs and the variable cost amount per...
Pinkin Inc. needs to determine a price for a new phone model, Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 30,000 phones. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit $ 75 50 Total fixed overhead 85,e00 Total fixed administrative 65,000 Using the total cost method what price should Pinkin charge? Saved Multiple Choice $156.10 $162.50 $130.10 $142.50 $161.25 Next 19 of 20 Prev Pauley...
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 31,000 units and wants a target profit of $23 per unit. Additional information is as follows: 28 Variable product cost per unit Variable administrative cost per unit 23 11 8 01:32:37 Total fixed overhead 29,500 48,000 Total fixed administrative Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice 65% 65% 28 70% 01:32:32 86% 75% 74%
25 Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor Selling and admin. exp. 140,000 Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,500 units of cell phones are as follows: Fixed costs: Variable costs: Direct materials $ 72 per unit Factory overhead $235,700 Selling and administrative expenses 82,800 Direct labor Factory overhead 17 Selling and administrative expenses $144 per unit Total variable cost per unit Smart Stream desires a profit equal to a 15%...
Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 140,000 Direct labor 25 Selling and admin. exp. Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,600 Direct labor 8,100 6,000 Factory overhead Total manufacturing cost $29,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $504,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,220 handbags b....
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