Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 58,700 units of its sole product. Magpie desires a profit equal to a 21% return on invested assets of $621,000. Fixed factory overhead cost $37,800 Fixed selling and administrative costs 7,600 Variable direct materials cost per unit 4.54 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The markup percentage on total cost for Magpie's product is

Product Cost Method of Product Costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit Fixed costs: Factory overhead $200,800 Selling and administrative expenses 69,000 MyPhone desires a profit equal to a 14% return on invested assets of $601,400. a. Determine the amount of desired profit from the production and sale of 5,000 cell phones. $70 34 25 21 $150 b. Determine the product cost per unit for the production of 5,000 cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost Markup Selling price per unit per…

The company Percival AS has set up the following unit calculation: Sales price per unit 50 000 Direct material costs (DM) 15,000 Direct labor costs (DL) 10,000 Indirect variable costs in the manufacturing department 2,000 Indirect fixed costs in the manufacturing department 5,000 Total manufacturing costs 32 000 Indirect variable costs in the sales department 3,000 Indirect fixed costs in the sales department 8,000 Self-catering 43 000 Profit 7,000 The calculation is based on normal production and sales per period of 1,000 units. The fasting the costs are operationally independent within the maximum capacity (1,200 units per period).

Bambam Inc. produces BingBong products. Cost data are as follows: Fixed selling cost of 200; variable product cost of 5 per unit; variable selling cost of 2 per unit and fixed overhead cost of 500. If the company will produce 500 units, what is the total cost?

Jarvis Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 35,000 units of Product E are as follows: Variable costs: Direct materials $3.00 Direct labor 1.25 Factory overhead 0.75 Selling and administrative expenses 3.00 Total $8.00 Fixed costs: Factory overhead $50,000 Selling and administrative expenses 20,000 Jarvis desires a profit equal to a 14% rate of return on invested assets of $450,000. a. Determine the amount of desired profit from the production and sale of Product E. $ 63,000 b. Determine the total costs and the cost amount per unit for the production and sale of 35,000 units of Product E. Total manufacturing costs 350,000 V Cost amount per unit 10 c. Determine the markup percentage for Product E. 18 V % d. Determine the selling price of Product E. Round your answer to two decimal places.

Shaw Supply Company sells a single product and has the following average costs at a sales level of 15,000 units:    Variable cost per unit $2.45 Fixed cost per unit    4.75 Total cost per unit  $7.20   Determine the following amount at a sales level of 18,000 units:  a.  Total variable cost b. Total fixed cost c. Variable Cost per Unit

Phone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,490 units of cell phones are as follows: Variable costs:       Fixed costs:     Direct materials $90 per unit     Factory overhead $201,800   Direct labor 39       Selling and admin. exp. 69,700   Factory overhead 22           Selling and admin. exp. 19             Total variable cost per unit $170 per unit       Phone desires a profit equal to a 14% rate of return on invested assets of $598,700. Determine the amount of desired profit from the production and sale of 5,490 units of cell phones. $____ Determine the product cost per unit for the production of 5,490 of cell phones. If required, round your answer to nearest dollar. $______ per unit Determine the product cost markup percentage (rounded to two decimal places) for cell phones. _______…

Accel Corp makes two products: C and D. The following data have been summarized (Click the icon to view the data.) Accel Corp desires a 28% target gross profit after covering all product costs. Considering the total product costs assigned to the Products C and D, what would Accel have to charge the customer to achieve that gross profit? Round to two decimal places Begin by selecting the formula to compute the amount that the company should charge for each product Direct labor cost per unit Direct materials cost per unit Indirect manufacturing cost per unit Product cost as a percentage of sales price Target gross profit percentage Total product cost per unit Get more help. Clear all Show work Required sales price per unit Check answer

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Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Product X at a total cost of $800 per unit, of which $540 is product cost and $260 is selling and administrative expenses. In addition, the total cost of $800 is made up of $460 variable cost and $340 fixed cost. The desired profit is $88 per unit. Determine the markup percentage on total cost. %