Question 17 -/1 View Policies Current Attempt in Progress upport Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $16, direct labor $10, variable manufacturing overhead $3, fixed manufacturing overhead $7, variable selling and administrative expenses $2, and fixed selling and administrative expenses $10. Using a 35% markup on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, eg. 10.50.) Target selling price $ 8:49 PM 11/18/2019 bp ho 12 ins prt sc 44 delete home end pg up + num backspace lock P 7 home pg
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- Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $469 per lawn mower, the markup percentage is 11.6 percent on total unit cost. 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 $469 per mower: (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total variable cost $ 282 47 58 ? $ $ $ 469 469 469- Cost-Plus Pricing Formula ++ of Bad Ser je je je %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 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 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 96Question 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%
- Exercise I-Set A Puerto Princesa Company must determine a target selling price for one of its products. Cost data relating to the product are as follows: Per Unit Total Direct materials P 60 Direct labor 100 30 Variable manufacturing overhead Fixed manufacturing overhead Variable administrative and selling expenses Fixed administrative and expenses 50 P4,500,000 10 40 3,600,000 The costs above are based on an anticipated volume of 90,000 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 costingContribution Margin by Segment The following data are for Elm Leaf Apparel: East West Sales volume (units): Product XX 5,000 4,600 Product YY 4,600 9,300 Sales price: Product XX $12 $13 Product YY $16 $17 Variable cost per unit: Product XX $7 $7 Product YY $10 $10 a. Determine the contribution margin for Product YY.$ b. Determine the contribution margin for the West Region.$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
- Contribution Margin by Segment The following information is for Elm Leaf Apparel: Sales volume (units): Product Alpha Product Omega Sales price: East West 5,900 6,000 3,800 6,300 Product Alpha $21 $19 Product Omega $27 $26 Variable cost per unit: Product Alpha Product Omega $13 $13 $16 $16 a. Determine the contribution margin for the East Region and West Region. East Region: West Region: b. Determine the contribution margin ratio for the East Region and West Region. Round the contribution margin ratio to one-tenth of a percent. East Region: West Region: % %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 To achieve a target price of $551 per lawn mower, the markup percentage is 12.4 percent on total unit cost. 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 $551 per mower: (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total variable cost 69 69 $ 331 57 69 ? $ 551 = 551 = 551 = Cost-Plus Pricing Formula + 88 % % x % xRequired 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…