Question 17-/1View PoliciesCurrent Attempt in ProgressupportGundy Corporation produces area rugs. The following per unit costinformation is available: direct materials $16, direct labor $10,variable manufacturing overhead $3, fixed manufacturing overhead$7, variable selling and administrative expenses $2, and fixed sellingand administrative expenses $10. Using a 35% markup on total perunit cost, compute the target selling price. (Round answer to 2decimal places, eg. 10.50.)Target selling price$8:49 PM11/18/2019bpho12insprt sc44deletehomeendpg up+numbackspacelockP7homepg

Answered: Question 17 -/1 View Policies Current…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4BE

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ussions Question 10 --/1 erences View Policies aborations Current Attempt in Progress eyPLUS Support Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $18, direct labor $14, variable manufacturing overhead $9, fixed manufacturing overhead $11, variable selling and administrative expenses $6, and fixed selling and administrative expenses $12. Using a 35% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e g. 10.50.) Central ce 365 dges zza Target selling price $ 845 PM 11/18/2019 hp foll ins prt sc n2 home delete end 144 + num backspace lock P 7 home
Exercise I-Set B Palawan Company must determine a target selling price for one of its products. Cost data relating to the product are as follows: Per Unit P 30 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable administrative and selling expenses 15 5 Fixed administrative and expenses 40 The costs above are based on an anticipated volume of 70,000 units produced and sold each period. The company uses cost-plus pricing, and it has a policy of obtaining target selling prices by adding a markup of 50% of unit manufacturing cost or by adding a markup of 80% of variable costs. Required: 1. Compute the target selling price per unit using absorption costing. 2. Compute the target selling price per unit using contribution costing.
Contribution Margin by Segment The following data are for Cabin Craft Apparel: East West Sales volume (units): Product XX 9,300 10,000 Product YY 6,100 12,900 Sales price: Product XX $18 $20 Product YY $23 $22 Variable cost per unit: Product XX $11 $11 Product YY $14 $14 a. Determine the contribution margin for Product YY.$fill in the blank 1 b. Determine the contribution margin for the West Region.$fill in the blank 2
Question 8 -/1 S View Policies ons Current Attempt in Progress Support Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $34, direct labor $29, variable manufacturing overhead $15, fixed manufacturing overhead $42, variable selling and administrative expenses $17, and fixed selling and administrative expenses $26. Its desired ROI per unit is $29. Compute the markup percentage using absorption- cost pricing. (Round answer to 2 decimal places, eg al 10.50%.) Markup percentage 8:44 PM ) 11/18/2019 hp ho l ins 12 home end delete pg up prt sc 44 ++ backspace lock 7 P Dome CO 96
Question Content Area Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: Variable costs per unit: Direct materials $ 7.00 Direct labor 3.50 Factory overhead 1.50 Selling and administrative expenses 3.00 Total $15.00 Fixed costs: Line Item Description Amount Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. a. Determine the amount of desired profit from the production and sale of Product T.fill in the blank 1 of 1$ b. Determine the total variable costs for the production and sale of 75,000 units of Product T.fill in the blank 1 of 1$ c. Determine the markup percentage for Product T. Round your answer to one decimal place.fill in the blank 1 of 1% d. Determine the unit selling price of Product T. Round…
Question Content Area Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: Variable costs per unit: Direct materials $ 7.00 Direct labor 3.50 Factory overhead 1.50 Selling and administrative expenses 3.00 Total $15.00 Fixed costs: Line Item Description Amount Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. c. Determine the markup percentage for Product T. Round your answer to one decimal place.fill in the blank 1 of 1%
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ions --/1 Question 12 ences View Policies orations Current Attempt in Progress PLUS Support Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $39, direct labor $28, variable manufacturing overhead $12, fixed manufacturing overhead $40, variable selling and administrative expenses $13, and fixed selling and administrative expenses $28. Its desired ROI per unit is $28.80. Compute its markup percentage using a total- cost approach. (Round answer to 2 decimal places, e-g. 10.50 %.) Central ce 365 ges Zza Markup percentage 8:46 PM शी 11/18/2019 hp ins prt sc ho ll 12 home end m to 44 delete backspace lock 7 home
Required information Exercise 15-35 Cost-Plus Pricing Formulas; Missing Data (LO 15-3) [The following information applies to the questions displayed below.] The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $279 59 62 P To achieve a target price of $493 per lawn mower, the markup percentage is 12.1 percent on total unit cost. Exercise 15-35 Part 1 Required: 1. What is the fixed selling and administrative cost allocated to each unit of Lawn Master's top-of-the-line mower? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Allocated fixed selling and administrative cost S 53 Exercise 15-35 Part 2 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $493 per mower: (Round your percentage answers to 2…
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