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 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

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 9P: Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The...

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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
Question Content Area Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.95 per pound and costs $16.00 per pound to produce. Product D would sell for $36.45 per pound and would require an additional cost of $9.00 per pound to produce. The differential cost of producing Product D is?
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.
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 costing
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
QUESTION 9 QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each alternative are listed below: Alternative A Alternative B Projected revenue $ 62,500 $ 75,000 Unit-level costs 12,500 18,000 Batch-level costs 6,250 12,000 Product-level costs 7,500 8,500 Facility-level costs 5,000 6,250 What is the differential revenue for this decision? $62,500 $25,000 $75,000 $12,500
Exercise 5 (Utilization of a Constrained Resource) Jaycee Company produces three products: X, Y, and Z. The selling price, variable costs, and contribution margin for one unit of each product follow: Product Y P60 P90 P80 Selling price.. Less variable costs: 27 14 Direct materials.. Direct labor... 40 12 32 16 Variable manufacturing overhead... Total variable cost. Contribution margin . Contribution margin ratio. 3. 42 P18 30% 8. 54 P36 40% 60 Р20 25%
Problem Set: Module 4 1. EX.06.01 2. PR.06.02A.ALGO 3. BE.06.02.ALGO 4. BE.06.03.ALGO engagenow.com + unit. 40 Break-Even Point Radison Inc. sells a product for $91 per unit. The variable cost is $51 per unit, while fixed costs are $451,200. : Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $98 per a. Break-even point in sales units b. Break-even point if the selling price were increased to $98 per unit ?
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 %
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
Question #1 Which of the following factors should be considered in a make-or-buy decision A variable cost of manufacturing purchase price if item is bought outside fixed overhead that is directly traced to the item all of the above Question #2 How much sales are required to earn a target net income of P160,000 if total fixed costs are P200,000 and the contribution margin ratio is 40%? A) 510,000 B) 810,000 900,000 400,000
Unit sales (a) Selling price per unit Variable cost per unit Traceable fixed expense TB MC Qu. 12A-46 Woodridge Corporation manufactures numerous... Woodridge Corporation manufactures numerous products, one of which is called Alpha-32. The company has provided the following data about this product Multiple Choice $1,375,220 77,000 76.00 61.00 $1,323,000 $52.220 Help $ $ Management is considering increasing the price of Alpha-32 by 5%, from $76.00 to $79.80. The company's marketing managers estimate that this price hike would decrease unit sales by 5%, from 77,000 units to 73,150 units Assuming that the total traceable fixed expense does not change, what net operating income will product Alpha-32 earn at a price of $79.80 if this sales forecast is correct? Save & Exit