-Sunland Corporation produces microwave units. The following per-unit cost information is available: direct materials $37: directlabour $25; variable manufacturing overhead $17;: fixed manufacturing overhead $41: variable selling and administrative expenses$12; and fixed selling and administrative expenses $29. Its desired ROI per unit is $31.92. Calculate the markup percentage usingvariable-cost pricing. (Round answer to 2 decimal places, e.g. 15.25%)Markup percentage%

The variable cost per unit comprises direct materials, direct labor and variable manufacturing…

Answered: -Sunland Corporation produces microwave…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following information relates to Everstream Ltd: Variable manufacturing cost 500 Applied fixed manufacturing cost 160 Variable selling and administrative cost 130 Allocated fixed selling and administrative cost ? To achieve the target price of $1,035 per unit, the mark-up percentage based on total unit cost is 15%. Required: Calculate the allocated fixed selling and administrative cost per unit. Develop a cost-plus pricing formula that will result in the target price for each of the following bases: Variable manufacturing cost Absorption manufacturing cost Total variable cost
1
Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 7,095 $252,840 2,795 162,540 4,350 186,920 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 3,560 units of production. Total cost for 3,560 units: $fill in the blank 3
Calculate markup percentage using absorption-cost pricing and variable-cost pricing. E9.32 (LO 3, 4) Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $21, direct labour $26, variable manufacturing overhead $16, fixed manufacturing overhead $22, variable selling and administrative expenses $9, and fixed selling and administrative expenses $15. The company's ROI per unit is $20. Instructions Calculate Firefly Corporation's markup percentage using (a) absorption-cost pricing and (b) variable-cost pricing.
Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 5,100 $437,920 1,700 281,520 3,400 417,280 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 2,450 units of production. Total cost for 2,450 units: $fill in the blank 3
Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 60,000 $19,200,000 69,000 20,010,000 90,000 24,090,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 86,000 units of production. Total cost for 86,000 units $fill in the blank 3
Fixed manufacturing costs are $40 per unit, and variable manufacturing costs are $120 per unit. Production was 113,000 units, while sales were 108,480 units. a. Determine whether variable costing operating income is less than or greater than absorption costing operating income. b. Determine the difference in variable costing and absorption costing operating income.
The cost per unit associated with the production of Xen Merchandising are the following: Direct Materials - P1,000; Direct Wages - P200; Variable Overhead - P1,500; and Fixed Overhead - P2,000. Given the data, what is the product cost?
The following data pertain to Royal Lighting Company's oak-clad, contemporary chandelier. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost Required: For each of the following cost bases, develop a cost-plus pricing formula that will result in a price of $735 for the oak chandelier. (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) 1. Variable manufacturing cost 2. Absorption manufacturing cost 3. Total cost 4. Total variable cost $ $ $ $ 735 = 735 735 735 Cost-Plus Pricing Formula + + $350 105 57 87 + + ( ( % % % x % x
Denjar
Uninder Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost driver 550 $22,000 Lowest observation of cost driver 250 $13,000 What is the slope coefficient? Select one: a. $30.00 b. $40.00 c. $43.75 d. $52.00
Please help me

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS