1. Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 536,000 units.

		Per Unit			Total
Direct materials		$ 6
Direct labor		$10
Variable manufacturing overhead		$14
Fixed manufacturing overhead					$3,752,000
Variable selling and administrative expenses		$13
Fixed selling and administrative expenses					$1,072,000

The company has a desired ROI of 25%. It has invested assets of $27,872,000.

(c)

Compute the markup percentage using total cost per unit.

Markup percentage using total cost per unit

%

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2. Wassons Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows.

			Time Charges				Material Loading Charges
	Restorers' wages and fringe benefits			$268,800
	Purchasing agent's salary and fringe benefits							$68,660
	Administrative salaries and fringe benefits			51,200				20,100
	Other overhead costs			12,800				76,080
	Total budgeted costs			$332,800				$164,840

The company anticipated that the restorers would work a total of 12,800 hours this year. Expected parts and materials were $1,268,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $70 and that the material loading charge was 83%.

(c)

Determine the total price of labor and materials on a job that was completed after the fire that required 160hours of labor and $63,900 in parts and materials.

Total price

$