A J Total 6 7 8 Paste BIU Merge & Center $ % Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? 134 D E 1 E22-5. Use cost-plus prioing to determine various amounts 2 Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. 3 The following information is available for Schopp Corporation's anticipated annual volume of 4 500,000 units. Per Unit Direct materials $7 Direct labor $11 Variable manufacturing overhead $15 Fixed manufacturing overhead $3,000,000 10 Variable selling and administrative expenses $14 11 Fixed seiling and administrative expenses $1,500,000 12 13 The company has a desired ROI of 25%. It has invested assets of $28,000,000. 14 15 Instructions 16 (a) Compute the total cost per unit. 17 (6) Compute the desired ROI per unit. 18 (c) Compute the markup percentage using total cost per unit. 19 (d) Compute the target selling price. 20 21 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 22 23 24 25 (a) Compute the total cost per unit. Total Units 56 26 Per Unit 27 Direct materials $7 28 Direct labor 11 29 Variable manufacturing overhead 15 30 Fixed manufacturing overhead 3,000,000 Total Fixed O/H Value 31 Variable selling and administrative expenses 14 32 Fixed selling and administrative expenses 1500000 Total Fixed Sell/Admin Value 33 Total cost per unit $14 34 35 ) Compute the desired ROI per unit. 36 37 Invested assets Value 38 ROI percentage Value 39 Return on investment ? HW Problem E22-5 Bonus Problem E22-10 + Ready