Homework Answers
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A) Target cost = Target price - Target return = 1100 - 24% = 836 |
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B) Target cost = 1100 - 42% = 638 |
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C) Target cost = 1100 - 5% = 1045 |
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Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ 1,300 96,000 units Estimated market price Annual demand Life cycle Target profit 4 years 23% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 40 percent return on sales. 3. Compute the target cost if Majesty wants a 9 percent return on...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: Estimated market price $ 1,100 Annual demand 88,000 units Life cycle 6 years Target profit 22 % return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 41 percent return on sales. 3. Compute the target cost if Majesty wants a 13 percent return...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 1,900 96,000 units 5 years 24% return on sales Required: 1. Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 41 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 1.200 100,000 units 5 years 30% return on sales Required: 1. Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 40 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
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Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: Estimated market price $ 1,400 Annual demand 91,000 units Life cycle 4 years Target profit 28 % return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 40 percent return on sales. 3. Compute the target cost if Majesty wants a 14 percent return...
Target costing calculations and life cycle cost A company is planning a new product. Market research...
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Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ 1,300 96,000 units Estimated market price Annual demand Life cycle Target profit 4 years 23% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 40 percent return on sales. 3. Compute the target cost if Majesty wants a 9 percent return on...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 1,900 96,000 units 5 years 24% return on sales Required: 1. Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 41 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 1.200 100,000 units 5 years 30% return on sales Required: 1. Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 40 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a...
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 2,600 88,000 units 5 years 21% return on sales Required: 1. Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 41 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a...
Target costing calculations and life cycle cost A company is planning a new product. Market research information suggests that the product will sell 10,000 total units at a price of $21.00 per unit. The company estimates the lifetime costs of the product as follows: • Design and development costs: $50,000 • Manufacturing costs: $10 per unit • End-of-life costs: $20,000 The company estimates that if it were to spend an additional $15,000 on design, then manufac- turing costs per unit...
Eastern Chemical Company produces three products. The operating results of the current year are: Product Sales Quantity 1.300.00 6,500.00 650.00 Target Price $ 299.00 302.60 207.50 Actual Price $291.00 260.60 315.00 $ 1.00 (42.00) $187.50 The firm sets the target price of each product at 150% of the product's total manufacturing cost. It appears that the firm was able to sell Product Cat a much higher price than the target price of the product and lost money on Product B....
Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for Business Solutions. Santana has heard of the cash conversion cycle and wants to use it as another performance measure for the workstation manufacturing department. Data below are for the most recent two quarters. Days' sales in accounts receivable Days' sales in inventory Days' payable outstanding 1st Quarter 30 days 36 days 42 days 2nd Quarter 32 days 35 days 39 days Required 1&2....
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