Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information...
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 508,000 units.
Per Unit Total
Direct materials $ 7
Direct labor $11
Variable manufacturing overhead $17
Fixed manufacturing overhead $3,048,000
Variable selling and administrative expenses $16
Fixed selling and administrative expenses $1,524,000
The company has a desired ROI of 25%. It has invested assets of $30,480,000.
1.Compute the total cost per unit.
2. Compute the desired ROI per unit.
3. Compute the markup percentage using total cost per unit. (%)
4. Compute the target selling price.
Homework Answers
|
Total cost per unit = 7+11+17+16+[(3,048,000+1,524,000)/508,000] = 60 |
|
Desired ROI per unit = (30,480,000*25%)/508,000 = 15 |
|
Markup percentage = 15/60 = 25% |
|
Tarhet selling price = 60 + 15 = 75 |
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