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ebook Print 8 Not complete Mark0.00 out of 100P e tion Product Pricing: Single Product Sue...
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the...
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per...
Goshford Company produces a single product and has capacity to produce 150,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 150,000 units per month. Costs to produce its current sales of 120,000 units follow. The regular selling price of the product is $112 per unit. Management is approached by a new customer who wants to purchase 30,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
1. Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing....
1. Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing. The cost and expenses of producing and selling 50,000 units of Product K are as follows: Variable costs: Direct materials $5.00 Direct labor 8.50 Factory overhead 2.50 Selling and administrative expenses 1.00 Total $17.00 Fixed costs: Factory overhead $50,000 Selling and administrative expenses 34,000 2. Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000. a. Determine the...
Goshford Company produces a single product and has capacity to produce 180,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 180,000 units per month. Costs to produce its current sales of 144,000 units follow. The regular selling price of the product is $144 per unit. Management is approached by a new customer who wants to purchase 36,000 units of the product for $108 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead, and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs to produce its current sales of 80,000 units follow. The regular selling price of the product is $100 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $75.00 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs to produce its current sales of 80,000 units follow. The regular selling price of the product is $146 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $77.40 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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....
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%...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs to produce its current sales of 80,000 units follow. The regular selling price of the product is $100 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $75.00 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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%...
Goshford Company produces a single product and has capacity to produce 150,000 units per month. Costs to produce its current sales of 120,000 units follow. The regular selling price of the product is $112 per unit. Management is approached by a new customer who wants to purchase 30,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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....
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs to produce its current sales of 80,000 units follow. The regular selling price of the product is $100 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $75.00 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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%...
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