Homework Answers
| Answer | |
| 1 | |
| Direct material | $ 77 |
| Direct labor | $ 47 |
| Overhead | $ 32 |
| Selling | $ 22 |
| Variable cost per unit | $ 178 |
| 2 | |
| Total variable cost ($178*27000) | $ 48,06,000 |
| Add: Total fixed costs ($677000+$312,000+$292,000) | $ 12,81,000 |
| Total costs | $ 60,87,000 |
| Add: Target profit | $ 3,07,000 |
| Total revenue | $ 63,94,000 |
| Price per unit ($6394,000/27,000) | 236.81 |
| Markup percentage ($236.81 - $178)/$178) | 33.03% |
| 3 | |
| Total variable cost ($178*27,000) | $ 48,06,000 |
| Add: Total fixed costs ($677000+$312,000+$292,000) | $ 12,81,000 |
| Total costs | $ 60,87,000 |
| Add: Target profit | $ 3,07,000 |
| Total revenue | $ 63,94,000 |
| Price per unit ($6394,000/27,000) | 236.81 |
| Please like ( Positive Rating ) | |
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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...
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...
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