Homework Answers
Please find attached table showing computation for the answers:
a. 900
b. 1000
c. 903
d. 884
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oduct Life Cycle Direction: Read and analyze the case and comply with the requirement of the...
The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable...
The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The following data are available for a proposed model: Variable manufacturing costs $ 350 Applied fixed manufacturing overhead 175 Variable selling and administrative costs 130 Applied fixed selling and administrative costs 145 What price will the company charge if the firm uses cost-plus pricing based on total cost and a markup percentage of 70%?
46.) Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently...
46.) Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently sells its top of the line "ECC" video player for a price of $410. It costs ECC $290 to make the player. ECC's main competitor is coming to market with a new video player that will sell for a price of $380. ECC feels that it must reduce its price to $380 in order to compete. The sales and marketing department of ECC believes...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $16, direct labor $22, variable manufacturing overhead $12, fixed manufacturing overhead $30, variable selling and administrative expenses $10, and fixed selling and administrative expenses $21. The company's ROI per unit is $9. x Your answer is incorrect. Try again. Compute Rap Corporation's markup percentage using absorption-cost pricing. Absorption-cost pricing markup percentage '92|| x Your answer is incorrect. Try again. Compute Rap Corporation's markup...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35,...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct...
Firefly Corporation produces outdoor portable fireplace units.
The following cost information per unit is available: direct
materials $22, direct labour $13, variable manufacturing overhead
$16, fixed manufacturing overhead $24, variable selling and
administrative expenses $9, and fixed selling and administrative
expenses $15. The company’s ROI per unit is $18.
Question 6 Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $22, direct labour $13, variable manufacturing overhead $16, fixed manufacturing overhead $24,...
Exercise 22-19 (Part Level Submission) Rap Corporation produces outdoor portable fireplace units. The following per unit...
Exercise 22-19 (Part Level Submission) Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $23, direct labor $29, variable manufacturing overhead $13, fixed manufacturing overhead $20. variable selling and administrative expenses $11, and fixed selling and administrative expenses $16. The company's ROI per unit is $24. (a) Your answer is correct. Compute Rap Corporation's markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, 9. 10.50.) Absorption-cost pricing markup percentage SHOW...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Per Unit Total $14 una Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $400,000 5 130,000 The company has a desired ROI of 40%. It has invested assets of $24,700,000. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage...
The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. $ 285 58 Variable manufacturing...
The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. $ 285 58 Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $482 per lawn mower, the markup percentage is 12.1 percent on total unit cost. 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $482 per mower: (Round your percentage answers...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation’s expected...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation’s expected annual volume of 500,000 units: Per Unit Total Direct materials $15 Direct labour 6 Variable manufacturing overhead 13 Fixed manufacturing overhead $400,000 Variable selling and administrative expenses 6 Fixed selling and administrative expenses 150,000 The company has a desired ROI of 40%. It has invested assets of $24,900,000. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup...
Quamma Corporation makes a product that has the following costs: PerYear Direct materials Direct labor Variable...
Quamma Corporation makes a product that has the following costs: PerYear Direct materials Direct labor Variable manufacturing Overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $17.20 $14.80 $ 2.10 $802,800 $ 3.80 $561.000 The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calculations are based on budgeted production and sales of 36,000 units per year. The company has invested $610,000 in this product and...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $16, direct labor $22, variable manufacturing overhead $12, fixed manufacturing overhead $30, variable selling and administrative expenses $10, and fixed selling and administrative expenses $21. The company's ROI per unit is $9. x Your answer is incorrect. Try again. Compute Rap Corporation's markup percentage using absorption-cost pricing. Absorption-cost pricing markup percentage '92|| x Your answer is incorrect. Try again. Compute Rap Corporation's markup...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
Firefly Corporation produces outdoor portable fireplace units.
The following cost information per unit is available: direct
materials $22, direct labour $13, variable manufacturing overhead
$16, fixed manufacturing overhead $24, variable selling and
administrative expenses $9, and fixed selling and administrative
expenses $15. The company’s ROI per unit is $18.
Question 6 Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $22, direct labour $13, variable manufacturing overhead $16, fixed manufacturing overhead $24,...
Exercise 22-19 (Part Level Submission) Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $23, direct labor $29, variable manufacturing overhead $13, fixed manufacturing overhead $20. variable selling and administrative expenses $11, and fixed selling and administrative expenses $16. The company's ROI per unit is $24. (a) Your answer is correct. Compute Rap Corporation's markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, 9. 10.50.) Absorption-cost pricing markup percentage SHOW...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Per Unit Total $14 una Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $400,000 5 130,000 The company has a desired ROI of 40%. It has invested assets of $24,700,000. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage...
The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. $ 285 58 Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $482 per lawn mower, the markup percentage is 12.1 percent on total unit cost. 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $482 per mower: (Round your percentage answers...
Quamma Corporation makes a product that has the following costs: PerYear Direct materials Direct labor Variable manufacturing Overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $17.20 $14.80 $ 2.10 $802,800 $ 3.80 $561.000 The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calculations are based on budgeted production and sales of 36,000 units per year. The company has invested $610,000 in this product and...
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