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Assume Samsung is designing a new smartphone. Each unit of this new phone Is expected to...
(Wallace) Bell Industries sells samsung phones for CDN$100. The unit variable cost per phone is $50...
(Wallace) Bell Industries sells samsung phones for CDN$100. The unit variable cost per phone is $50 plus a selling commission of 10%. Fixed manufacturing costs total $1,250 per month, while fixed selling and administrative costs total $2,500. A. What is the contribution margin per phone? Selling Price - $100.00 Variable Cost = CAD$50 + 10%($100) Total Variable Cost = $50+10 Total Variable Cost = $60.00 Contribution Margin = Selling price - Variable Cost = $100-60 = $40 B. What is...
(Carla) Bell Industries sells samsung phones for CDN$100. The unit variable cost per phone is $50...
(Carla) Bell Industries sells samsung phones for CDN$100. The unit variable cost per phone is $50 plus a selling commission of 10%. Fixed manufacturing costs total $1,250 per month, while fixed selling and administrative costs total $2,500. a. What is the contribution margin per phone? Seling Price - Variable Cost CND$100 - $50 = $50.00 b. What is the breakeven point in phones? Fixed cost ÷ Contribution Margin per phone $1,250 + $2,500 = $3,750.00 ÷ $50.00 = 75 phones...
please help me complete the rest of these problems. what is there is right so far....
please help me complete the rest of these problems. what is
there is right so far.
Ch 19 Homework Saved 4 Required information Exercise 19-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below] Part 4 of 4 Cool Sky reports the following costing data on ts product for its first year of operations. Durng this first year, the company produced 44,000 units and sold 36.000 units at a...
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...
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: $ 75 Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative 85,000 65,000 Using the total cost method what price should Pinkin charge? We were unable to transcribe this image
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs...
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13,000 units follow. The company targets a profit of $405,600 on this product. Variable costs per Unit Fixed Costs Direct materials $ 106 Overhead $ 476.000 Direct labor 31 Selling 111,000 Overhead 26 Administrative 310.000 Selling 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 38,000 units follow. The company targets a profit of $318,000 on this product. Variable costs per Unit Fixed Coats Direct materials $ 98 Overhead $688,000 Direct labor 58 Selling 323,000 Overhead 43 Administrative 301.000 Selling 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.) 3. Compute the product's selling...
Seed Ch 19 Homework 4 Exerclse 10-9 Income statement under absorption costing and varlable costing LO...
Seed Ch 19 Homework 4 Exerclse 10-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below) Cool Sky reports the following costing data on ts product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unt Part 4 of 4 166 polnts Manufacturing costs Direct materials per unit Direct labor per unit Variable...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 42,000 units follow. The company targets a profit of $322,000 on this product. Variable Costs per Unit Direct materials $ 92 Direct labor 62 Overhead 47 Selling Fixed Costs (in total) Overhead $692,000 Selling 327,000 Administrative 307,000 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.) 3. Compute the...
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs...
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13,500 units follow. The company targets a profit of $388,800 on this product. Variable Costs per Unit Direct materials Fixed Costs 107 Overhead $477,000 Direct labor Selling Administrative 32 105,000 309,000 Overhead 27 Selling 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute the product's...
please help me complete the rest of these problems. what is
there is right so far.
Ch 19 Homework Saved 4 Required information Exercise 19-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below] Part 4 of 4 Cool Sky reports the following costing data on ts product for its first year of operations. Durng this first year, the company produced 44,000 units and sold 36.000 units at a...
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...
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: $ 75 Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative 85,000 65,000 Using the total cost method what price should Pinkin charge? We were unable to transcribe this image
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13,000 units follow. The company targets a profit of $405,600 on this product. Variable costs per Unit Fixed Costs Direct materials $ 106 Overhead $ 476.000 Direct labor 31 Selling 111,000 Overhead 26 Administrative 310.000 Selling 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 38,000 units follow. The company targets a profit of $318,000 on this product. Variable costs per Unit Fixed Coats Direct materials $ 98 Overhead $688,000 Direct labor 58 Selling 323,000 Overhead 43 Administrative 301.000 Selling 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.) 3. Compute the product's selling...
Seed Ch 19 Homework 4 Exerclse 10-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below) Cool Sky reports the following costing data on ts product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unt Part 4 of 4 166 polnts Manufacturing costs Direct materials per unit Direct labor per unit Variable...
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 42,000 units follow. The company targets a profit of $322,000 on this product. Variable Costs per Unit Direct materials $ 92 Direct labor 62 Overhead 47 Selling Fixed Costs (in total) Overhead $692,000 Selling 327,000 Administrative 307,000 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.) 3. Compute the...
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13,500 units follow. The company targets a profit of $388,800 on this product. Variable Costs per Unit Direct materials Fixed Costs 107 Overhead $477,000 Direct labor Selling Administrative 32 105,000 309,000 Overhead 27 Selling 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute the product's...
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