In a production a process, a company incurs total fixed of $6000. The budgeted sales volume...
In a production a process, a company incurs total fixed of $6000. The budgeted sales volume is 100 units and selling price per unit is $78. The markup percentage is
Homework Answers
Mark up percentage = ( Estimated Profit / Estimated Total Cost ) x 100
As company incurs total fixed only, we need to findout Estimated Profit.
Estimated Profit = Selling price of 100 units - Total Cost of 100 units
Estimated Selling price of 100 units @ $ 78 per unit is $ 7800
Estimated Total Cost of 100 units is $ 6000
After insert values in
Estimated Profit = Selling price of 100 units - Total Cost of 100 units
= $ 7800 - $ 6000
= $ 1800
After insert values in
Mark up percentage = ( Estimated Profit / Estimated Total Cost ) x 100
= ( $ 1800 / $ 6000 ) x 100
= 30 %
Therefore Markup percentage is 30%
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previous answers:
-budgeted sales is $1,740,000
-total cash collections for July is $933,600
-required production is 29,400 units
-raw materials to be purchased is 118,320 pounds
-cost of raw material to be purchased is $295,800
-total cash disbursements is $195,252
* please answer question number 10 and 14, i posted photos of
them below* for total direct labor cost and total selling and
administrative expenses
Check Required information The Foundational 15 (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] (The following...
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previous answers:
-budgeted sales is $1,740,000
-total cash collections for July is $933,600
-required production is 29,400 units
-raw materials to be purchased is 118,320 pounds
-cost of raw material to be purchased is $295,800
-total cash disbursements is $195,252
* please answer question number 10 and 14, i posted photos of
them below* for total direct labor cost and total selling and
administrative expenses
Check Required information The Foundational 15 (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] (The following...
X Your answer is incorrect. Assuming that the volume is 44,800 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 28% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Markup percentage 4.75 Target selling price $ eTextbook and Media Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed....
Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 48,000 units. Total Per Unit $53 $30 $16 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $720,000 $14 $432,000 Lovell Computer Parts management requests that...
Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 45,000 units. Per Total Unit $51 $30 $20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $495,000 $18 $225,000 Lovell Computer Parts management requests that...
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