Question

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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $300 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,974,000 $ 60 $ 546,140 The company has a desired ROI of 25%. It has invested assets of $48,692,000. It anticipates production of 3,290 units per year. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Fixed manufacturing overhead per unit Fixed selling and administrative expenses & per unit LINK TO TEXT LINK TO VIDEO Compute the desired ROI per unit. ROI $ per unit LINK TO TEXT Compute the target selling price. Target selling prices

Answer 1