Homework Answers
Calculation of Mark up percentage under various methods
A. Total cost method =Profit / Total cost
=25.50/150=17%
B. Product cost = Profit + S & A Cost / Product cost
=25.50+40 / 150-40 =59.55%
C. Variable cost = Profit + Fixed cost / Variable cost
=25.50+30 / 120 =46.25%
Add Answer to:
Sierra Company produces its product at a total cost of $150 per unit. Of this amount,...
Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit, and the desired profit is $28 per unit. Determine the markup percentage using
Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit, and the desired profit is $28 per unit.Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place.a. Total cost %b. Product cost %c. Variable cost %
The Sierra Company produces its product at a total cost of $1,000 per unit. Of this...
The Sierra Company produces its product at a total cost of $1,000 per unit. Of this amount, $680 is product cost and $320 is selling and administrative expenses. In addition, the total cost of $1,000 is made up of $850 variable cost and $150 fixed cost. The desired profit is $130 per unit. Determine the mark up percentage under the product cost-plus method.
21. The Swan Company produces its product at a total cost of $43 per unit. Of...
21. The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit. Determine the markup percentage on TOTAL COST. a.100% b.80% c.46.5% d.110%
CAN I SEE THE STEPS. PLEASE AND THANK YOU. 6. ACE Company produces their product at...
CAN I SEE THE STEPS. PLEASE AND THANK YOU.
6. ACE Company produces their product at a total cost of $200 per unit. Of this amount S120 per unit is selling and administrative costs. The total variable cost is S140 per unit The desired profit is S80 per unit. a. Calculate the total cost markup percentage b. Calculate the product cost markup percentage c. Calculate the variable cost markup percentage
Jamison Company produces and sells Product X at a total cost of $1,000 per unit, of...
Jamison Company produces and sells Product X at a total cost of $1,000 per unit, of which $680 is product cost and $320 is selling and administrative expenses. In addition, the total cost of $1,000 is made up of $570 variable cost and $430 fixed cost. The desired profit is $200 per unit. Determine the mark up percentage on total cost: ____%
Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800...
Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials $18,000 Direct labor 8,500 Factory overhead 5,500 Total manufacturing cost $32,000 The selling and administrative expenses are $17,000. The management desires a profit equal to 22% of invested assets of $250,000. a. Determine the amount of desired profit from the production and sale of 800 handbags. $ 55,000 b. Determine the product cost per unit for...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,600 Direct labor 8,100 6,000 Factory overhead Total manufacturing cost $29,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $504,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,220 handbags b....
Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,180...
Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $14,000 Direct labor 8,200 Factory overhead 6,500 Total manufacturing cost $28,700 The selling and administrative expenses are $26,300. The management desires a profit equal to 15% of invested assets of $503,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags. $ b. Determine...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $14,400 Direct labor 8,300 Factory overhead 6,000 Total manufacturing cost $28,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags b....
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,240 handbags is as follows: Direct materials $14,600 7,400 Direct labor Factory overhead 5,700 Total manufacturing cost $27,700 The selling and administrative expenses are $27,500. The management desires a profit equal to 18% of invested assets of $496,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,240 handbags. ज...
CAN I SEE THE STEPS. PLEASE AND THANK YOU.
6. ACE Company produces their product at a total cost of $200 per unit. Of this amount S120 per unit is selling and administrative costs. The total variable cost is S140 per unit The desired profit is S80 per unit. a. Calculate the total cost markup percentage b. Calculate the product cost markup percentage c. Calculate the variable cost markup percentage
Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials $18,000 Direct labor 8,500 Factory overhead 5,500 Total manufacturing cost $32,000 The selling and administrative expenses are $17,000. The management desires a profit equal to 22% of invested assets of $250,000. a. Determine the amount of desired profit from the production and sale of 800 handbags. $ 55,000 b. Determine the product cost per unit for...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,600 Direct labor 8,100 6,000 Factory overhead Total manufacturing cost $29,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $504,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,220 handbags b....
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $14,400 Direct labor 8,300 Factory overhead 6,000 Total manufacturing cost $28,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags b....
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,240 handbags is as follows: Direct materials $14,600 7,400 Direct labor Factory overhead 5,700 Total manufacturing cost $27,700 The selling and administrative expenses are $27,500. The management desires a profit equal to 18% of invested assets of $496,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,240 handbags. ज...
Most questions answered within 3 hours.
-
Use a z -Table to find the specified area.
Between the mean and 3.01 deviations from...
asked 8 minutes ago -
Consider the following reaction at equilibrium. What will happen
if O2 is added to the reaction?...
asked 1 hour ago -
Based on how much or how little you have noticed in the media,
do you think...
asked 3 hours ago -
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 4 hours ago -
What major physiological changes account for electrodermal
activity (as in during a lie-detector test)?
asked 5 hours ago -
You are going to sell fruits & vegetables at a local
roadside market. List separately and...
asked 6 hours ago -
Hows does water affect the digestion of fats ?
asked 8 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 8 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 8 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 9 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 9 hours ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 9 hours ago