A product’s unit cost equals $2.00, and the manufacturer has to deliver a 75% gross margin....
A product’s unit cost equals $2.00, and the manufacturer has to deliver a 75% gross margin. At what price should this product be sold?
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A product’s unit cost equals $2.00, and the manufacturer has to
deliver a 75% gross margin....
1. A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a...
1. A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a margin of 30% based on selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 40% based on retail selling price, determine the retail price charged to consumers. 2. A firm is able to sell 25,000 units at $ 10 per piece. The company fixed cost is $50,000. Variable cost is $5 per unit. a. What is...
Operating income equals: A) Gross margin - selling expenses B) Sales revenue - cost of goods...
Operating income equals: A) Gross margin - selling expenses B) Sales revenue - cost of goods sold C) Sales revenue - selling and administrative expenses D) Sales revenue - cost of goods sold - selling and administrative expense
If Sales Price and product costs per unit remain constant, Group of answer choices Gross Margin...
If Sales Price and product costs per unit remain constant, Group of answer choices Gross Margin (gross profit %) will increase as more units are sold Gross Margin (gross profit %) will decrease if we produce more units than we sell Gross Margin (gross profit %) will increase with an increase in Cost of Goods Manufactured Gross Margin (Gross Profit %) will stay the same regardless of volume produced or sold
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin...
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin Selling and administrative expenses* Net operating income Year i 960,000 615,000 345,000 299,000 146,000 Year 2 $ 1,600,000 1,025,000 575,000 329,000 $ 246,000 $ *$3 per unit variable; $254,000 fixed each year. The company's $41 unit product cost is computed as follows: $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($380,000 + 20,000 units) Absorption costing unit product cost Forty...
1.1. Elkins, a manufacturer of ice makers, realizes a cost of $300 for every unit it...
1.1. Elkins, a manufacturer of ice makers, realizes a cost of $300 for every unit it produces. Its total fixed costs equal S10 million. If the company manufactures 500,000 units compute the following: a. unit cost markup price if the company desires a 15% return on sales c. Rol price if the company desires a 20% return on an investment of $1 million 1.2. A consumer purchases a coffee maker from a retailer for S150. The retailer's markup is 25%,...
QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data...
QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. 10 per unit 12 per unit $ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 $ 2 per unit...
QUESTION 13 Under the weighted-average cost flow method, the average cost per unit equals the cost...
QUESTION 13 Under the weighted-average cost flow method, the average cost per unit equals the cost of goods available for sale divided by the number of units available for sale. True OFalse QUESTION 14 A company's gross margin reported on the income statement is not affected by the inventory cost flow method it uses. OTrue eFalse QUESTION 15 A company uses a cost flow method (such as LIFO or FIFO) to allocate product costs between cost of goods sold and...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has foed cost of $350,600. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $115 and has fixed cost of $459,500. Next year, Sooner expects to sell...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $353,000. The variable cost per unit is $0.45. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $111 and has fixed cost of $414,000. Next year, Sooner expects to sell...
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on...
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on the following cost information? Units produced and sold: 35,000 Variable cost of goods sold: $25 per unit Total variable selling expense: $1.25 per unit Fixed selling and administrative expense: $38,500 Total variable administrative expense: $70,000 Fixed manufacturing expense: $125,000 A $48.00 B $78.57 C$50.00 D $22.86
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin Selling and administrative expenses* Net operating income Year i 960,000 615,000 345,000 299,000 146,000 Year 2 $ 1,600,000 1,025,000 575,000 329,000 $ 246,000 $ *$3 per unit variable; $254,000 fixed each year. The company's $41 unit product cost is computed as follows: $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($380,000 + 20,000 units) Absorption costing unit product cost Forty...
1.1. Elkins, a manufacturer of ice makers, realizes a cost of $300 for every unit it produces. Its total fixed costs equal S10 million. If the company manufactures 500,000 units compute the following: a. unit cost markup price if the company desires a 15% return on sales c. Rol price if the company desires a 20% return on an investment of $1 million 1.2. A consumer purchases a coffee maker from a retailer for S150. The retailer's markup is 25%,...
QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. 10 per unit 12 per unit $ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 $ 2 per unit...
QUESTION 13 Under the weighted-average cost flow method, the average cost per unit equals the cost of goods available for sale divided by the number of units available for sale. True OFalse QUESTION 14 A company's gross margin reported on the income statement is not affected by the inventory cost flow method it uses. OTrue eFalse QUESTION 15 A company uses a cost flow method (such as LIFO or FIFO) to allocate product costs between cost of goods sold and...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has foed cost of $350,600. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $115 and has fixed cost of $459,500. Next year, Sooner expects to sell...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $353,000. The variable cost per unit is $0.45. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $111 and has fixed cost of $414,000. Next year, Sooner expects to sell...
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on the following cost information? Units produced and sold: 35,000 Variable cost of goods sold: $25 per unit Total variable selling expense: $1.25 per unit Fixed selling and administrative expense: $38,500 Total variable administrative expense: $70,000 Fixed manufacturing expense: $125,000 A $48.00 B $78.57 C$50.00 D $22.86
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