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answer all 3 multiple choice questionsHomework Answers
Ans 1 (d) An appropriate markup percentage is always required in cost based pricing.
In cost-plus pricing method, a fixed percentage, also called mark-up percentage, of the total cost (as a profit) is added to the total cost to set the price. For example, XYZ organization bears the total cost of Rs. 100 per unit for producing a product. It adds Rs. 50 per unit to the price of product as’ profit. In such a case, the final price of a product of the organization would be Rs. 150.
Ans 2 (b) When managers considers a product mix,they must choose the alternative that maxmises total contribution margin.
Ans 3 (b) 76.1
total cost-Fixed overhead
=110.30-34.2
=76.1
variable cost is only considered while taking decisions.Fixed overhead are excluded.
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1)
2)
3)
4)
5)
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 55,400 units of its sole product. Magpie desires a profit equal to a 18% rate of return on invested assets of $578,000. Fixed factory overhead cost Fixed selling and administrative costs Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit Variable selling and administrative cost...
PR 24-5A Product pricing using the cost-plus approach concepts; differential analysis for accepting additional business Display Labs Inc. recently began production of a new product, flat panel displays, which required the investment of $1,800,000 in assets. The costs of producing and selling 2,000 units of flat panel displays are estimated as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Fixed costs: Factory overhead Selling and administrative expenses $360,000 180,000 $ 90 20 40...
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answer all 4 multiple choice questions
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Differential Analysis for a Discontinued Product A condensed income statement by product line for Healthy Beverage Inc. indicated the following for Fruit Cola for the past year: Sales $237,000 Cost of goods sold 109,000 Gross profit $128,000 Operating expenses 142,000 Loss from operations $(14,000) It is estimated that 14% of the cost of goods sold represents fixed factory overhead costs and that 20% of the operating expenses are fixed. Because Fruit Cola is only one of many products, the fixed...
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