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10 Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Skipped Direct materials $ 100 per unit Direct labor $ 30 per uni Variable overhead Fixed overhead $ 600, 000 per yea Variable selling and administrative expenses Fixed selling and administrative expenses $ 3 per unit Book Units produced 50 , 080 units p Units sold 50,000 units per year Compute the target selling price per unit under absorption costing. Per unit References Product cost per unit using absorption costing Target markup per unit Target selling price per uni 11 A manufacturer reports the following information for the past three years. Year 1 Year 2 Year 3 Skipped Variable costing income 110, 060 $ 114, 400 $ 118, 950 Beginning finished goods inventory (units) 1,200 700 Ending finished goods inventory (units) 1, 200 700 ixed overhead (FOH) per unit 2.50 $ 2.50 $ 2.50 Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit * Units in inventory. (Amounts to be deducted should be indicated with a minus sign.) Year 1 Year 2 Year 3 Variable costing income print Absorption costing income 15 Viva sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per Init. Skipped (1) Determine the contribution margin ratio. per unit Contribution margin Contribution Margin Ratio Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio Print ( 2 ) Determine the break -even point in dollars Numerator: Denominator: = Break-Even Point in Dollars References Break-even point in dollars 16 Zulu sells its waterproof phone case for $90 per unit. Fixed costs total $200,000, and variable costs are $40 per unit. Compute the units that must be sold to get a target income of $216,000. Skipped Units to be sold to achieve targeted income Numerator: Denominator: = Units to Achieve Target Units to achieve target 0 units 17 Zhao Company has fixed costs of $354,000. Its sir 1 9554,000. Its single product sells for $175 per unit, and variable costs Init. If the company expects sales of 10,000 units, compute its margin of safety (a) in dollars and (b) as a percent of expected sales. Skipped a. Margin of safety (in dollar) b. Margin of safety (%)