Ladle Corporation uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 81,000 units next year, the unit product cost of a particular product is $45.30. The company's selling and administrative expenses for this product are budgeted to be $1,898,000 in total for the year. The company has invested $262,000 in this product and expects a return on investment of 14%. The markup on absorption cost for this product would be: a. 14% b. 52.7% c. 51.7% d. 65.7%

Cotton Company produces and sells socks. Variable costs are budgeted at $2 per pair, and fixed costs for the year are expected to total $140,000. The selling price is expected to be $4 per pair.  The sales units required for Cotton Company to make an after-tax profit (πA) of $21,000, given an income tax rate of 50%, are:  Group of answer choices  81,000 units.  90,000 units.   99,161 units.  93,500 units.   91,000 units.

Cullumber Corporation is in the process of setting a selling price for a recently designed product. The following data relate to this product at a budgeted volume of 60,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses (a1) Your answer is correct. Total unit variable cost $ Total unit fixed cost Total unit cost eTextbook and Media (a2) Cullumber uses cost-plus pricing to set its target selling price and has a markup on total unit cost of 30%. Per Unit $ Desired ROI per unit $ $30 Compute total unit variable cost, total unit fixed cost, and total unit cost for the new product. $ 40 10 6 86 Total 69 $2,220,000 155 1,920,000 Compute desired ROI per unit for the new product. (Round answer to 2 decimal places, e.g. 5.27.) Attempts: 1 of 5 used

Ocean Sails manufactures sailing boats in two models: the Wave Rider and the Stress Killer. The company currently uses a variable costing system for internal reporting purposes. Its budgeted profit statement for the year ended 31 March 2021 is provided in the following table:   Wave Rider (£) Stress Killer (£) Total (£) Sales revenues  52,500,000  105,000,000  157,500,000 Variable cost of goods sold  39,343,750  79,800,000  119,143,750 Variable marketing & admin costs  6,300,000  12,600,000  18,900,000 Contribution margin  6,856,250  12,600,000  19,456,250 Fixed manufacturing overhead      3,500,000 Fixed marketing & admin costs      16,000,000 Profit (Loss)     (43,750)   The following information from the budget is also available:   Wave Rider Stress Killer   (Units) (Units) Opening inventory 5 8 Units produced 20 25 Closing inventory 15 5 Units…