Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the...
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000.
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The unit selling price for the company's product is
a.$19.35
b.$22.05
c.$21.25
d.$15.75
Homework Answers
ANSWER :
Profit ($800,000*0.12) $ 96,000
Total cost
Variable cost 860,500
((5.50+7.65+2.25+0.90)*45000
+82000+45000)
___________
Total revenue $ 956,500
____________________
Selling price per unit $ 21.56 (ANSWER)
(956500/45000)
____________________
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Mallard Corporation uses the product cost concept of product
pricing. Below is cost information for the...
18: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for...
18: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost...
Use this information for Mallard Corporation to answer the questions that follow. Mallard Corporation uses the...
Use this information for Mallard Corporation to answer the questions that follow. Mallard Corporation uses the product cost concept of product pricing. Below is the cost information for the production and sale of 45,000 units of its sole product, Mallard desires a profit equal to 12% rate of return on invested assets of $800,000 Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable...
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Use this information for Mallard Corporation to answer the questions that follow. Mallard Corporation uses the product cost concept of product pricing. Below is the cost information for the production and sale of 45,000 units of its sole product, Mallard desires a profit equal to 12% rate of return on invested assets of $800,000 Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 61,000 units of its sole product. Magpie desires a profit equal to a 18% rate of return on invested assets of $628,000. Fixed factory overhead cost $39,700 Fixed selling and administrative costs 7,200 Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit...
Product Cost Concept of Product Pricing Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 units of medical tablets are as follows: Variable costs per unit: Fixed costs: Direct materials $94 Factory overhead $160,000 Selling and admin. exp. Direct labor 34 55,000 Factory overhead 29 Selling and admin. exp. $180 Total Willis Products desires a profit equal to a 20% rate of return on invested assets...
Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 140,000 Direct labor 25 Selling and admin. exp. Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs...
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2)
3)
4)
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Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 55,400 units of its sole product. Magpie desires a profit equal to a 18% rate of return on invested assets of $578,000. Fixed factory overhead cost Fixed selling and administrative costs Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit Variable selling and administrative cost...
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