Homework Answers
| Direct materials | 43 | |
| Direct labor | 51 | |
| Variable overhead | 34 | |
| Variable selling and administrative | 22 | |
| Total variable costs | 150 | |
| Fixed overhead | 45 | |
| Fixed selling and administrative | 60 | |
| Desired ROI | 47 | |
| Total markup required | 152 | |
| Markup percentage | 1.013 | =152/150 |
| Total variable costs | 150.00 | |
| Add: Markup | 151.95 | =150*1.013 |
| Target selling price | 301.95 | |
| Option D $301.95 is correct |
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+ Time: 09:03 PM / Remaining: 52 min. Question 9 Sheffield Corp. has determined the following...
me: 09:03 PM / Remaining: 51 min. Question 10 The following per unit information is available...
me: 09:03 PM / Remaining: 51 min. Question 10 The following per unit information is available for a new product of Crane Company: Desired ROI Fixed cost Variable cost Total cost Selling price Crane Company's markup percentage would be 28%. 20%. 56%. 17%. Click if you would like to show Work for this question: Open Show Work LINK TO TEXT
Exercise 8-5 (Video) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. Th...
Exercise 8-5 (Video) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 503,000 units. Per Unit Total $ 6 $11 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2,515,000 $16 $1,509,000 The company has a desired ROI of 25%. It has invested assets of $28,168,000. Compute the total cost per unit....
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on...
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units. Total Per Unit $48 $25 $22 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $700,000 $15 $250,000 Lovell Computer Parts management...
Question 7 Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for...
Question 7 Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation: Total Per Unit Direct materials $395 Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses 55 Fixed selling and administrative expenses 295 75 $1,612,800 281,600 The company has a desired ROI of 15%. It has invested assets of $51,200,000. It expects to produce 2,560 units each year. (a) Your answer is correct. Calculate the cost per unit of...
Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $20000...
Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $20000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1600000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage?
Question 07 Sheen Co. manufactures a standard cabinet for a Blu-ray player. The variable cost per...
Question 07 Sheen Co. manufactures a standard cabinet for a Blu-ray player. The variable cost per unit is $16. The fixed cost per unit is $9. The desired ROI per unit is $6. Compute the markup percentage on total unit cost and the target selling price for the cabinet. Markup percentage on total unit cost Target selling price National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product....
Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available:...
Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $37, direct labor $24, variable manufacturing overhead $18, fixed manufacturing overhead $41, variable selling and administrative expenses $13, and fixed selling and administrative expenses $27. Its desired ROI per unit is $28.80. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage Click if you would like to Show Work for this question: Open...
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on...
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 48,000 units. Total Per Unit $53 $30 $16 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $720,000 $14 $432,000 Lovell Computer Parts management...
Please answer all parts :))))) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information...
Please answer all parts
:)))))
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $300 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,974,000 $ 60 $ 546,140 The company has a desired ROI of 25%. It has invested assets of $48,692,000. It anticipates production of 3,290 units per year. Compute the cost per unit...
Need help with this question! Exercise 22-6 Alma's Recording Studio rents studio time to musicians in...
Need help with this question!
Exercise 22-6 Alma's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,020 sessions. The company has invested $2,341,000 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Total Per Session $ 19.94 $395.00 $ 45.00 Direct materials...
me: 09:03 PM / Remaining: 51 min. Question 10 The following per unit information is available for a new product of Crane Company: Desired ROI Fixed cost Variable cost Total cost Selling price Crane Company's markup percentage would be 28%. 20%. 56%. 17%. Click if you would like to show Work for this question: Open Show Work LINK TO TEXT
Exercise 8-5 (Video) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 503,000 units. Per Unit Total $ 6 $11 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2,515,000 $16 $1,509,000 The company has a desired ROI of 25%. It has invested assets of $28,168,000. Compute the total cost per unit....
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units. Total Per Unit $48 $25 $22 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $700,000 $15 $250,000 Lovell Computer Parts management...
Question 7 Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation: Total Per Unit Direct materials $395 Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses 55 Fixed selling and administrative expenses 295 75 $1,612,800 281,600 The company has a desired ROI of 15%. It has invested assets of $51,200,000. It expects to produce 2,560 units each year. (a) Your answer is correct. Calculate the cost per unit of...
Question 07 Sheen Co. manufactures a standard cabinet for a Blu-ray player. The variable cost per unit is $16. The fixed cost per unit is $9. The desired ROI per unit is $6. Compute the markup percentage on total unit cost and the target selling price for the cabinet. Markup percentage on total unit cost Target selling price National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product....
Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $37, direct labor $24, variable manufacturing overhead $18, fixed manufacturing overhead $41, variable selling and administrative expenses $13, and fixed selling and administrative expenses $27. Its desired ROI per unit is $28.80. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage Click if you would like to Show Work for this question: Open...
Problem 21-02A Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 48,000 units. Total Per Unit $53 $30 $16 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $720,000 $14 $432,000 Lovell Computer Parts management...
Please answer all parts
:)))))
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $300 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,974,000 $ 60 $ 546,140 The company has a desired ROI of 25%. It has invested assets of $48,692,000. It anticipates production of 3,290 units per year. Compute the cost per unit...
Need help with this question!
Exercise 22-6 Alma's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,020 sessions. The company has invested $2,341,000 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Total Per Session $ 19.94 $395.00 $ 45.00 Direct materials...
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