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1. Please answer the following questions: During the current year, Crane Corporation expects to produce 10,000 units and has budgeted the following: net income $378,000;
1. Please answer the following questions:
During the current year, Crane Corporation expects to produce 10,000 units and has budgeted the following: net income $378,000; variable costs $1,134,000; and fixed costs $441,000. It's investment in assets is $2,205,000. The company's budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, e.g. 52.75. Round answer to 0 decimal places, e.g. 20\%.) Budgeted markup percentage % Oriole Corp. produces electric scooters. For each scooter produced, direct materials are $30, direct labor is $26, variable manufacturing overhead is $22, fixed manufacturing overhead is $38, variable selling and administrative expenses are $15, and fixed selling and administrative expenses are $29. Compute the target selling price assuming a 40% markup on total unit cost. Target selling price Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $28, variable manufacturing overhead $20, fixed manufacturing overhead $42, variable selling and administrative expenses $12, and fixed selling and administrative expenses $28. Its desired ROI per unit is $32.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50\%.) Markup percentage % Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $18, direct labor $7, variable manufacturing overhead $4, fixed manufacturing overhead $10, variable selling and administrative expenses $2, and fixed selling and administrative expenses $13. Using a 45% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling priceStep by Step Solution
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