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Answer completey for a guaranteed thumbs up! Stepford Paints makes and sells paint to home improvement stores. Stepford's only plant can produce up to 14
Answer completey for a guaranteed thumbs up!
Stepford Paints makes and sells paint to home improvement stores. Stepford's only plant can produce up to 14 million cans of paint per year Current annual production is 11 million cans Fixed manufacturing, seling, and administrative costs total $14 3 million per year The variable cost of making and selling each can of pant is $5.90 Stockholders expect a 15% annual return on the company's $37 million of assets Read the requirements Requirement 1. What is Stepford's current total cost making and selling 11 million cans of paint? What is the current cost per can of paint? Select the formula fabels and enter the amounts to calculate Stepford's current total cost and current cost per con of paint (Enter currency amounts in dollars, not in millions Enter unit values as whole numbers, not in million Round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest cont SXXX) Plus Divided by Total cost per unit Requirement 2. Assume that Stepford is a price-taker and the current wholesale market price is $8 40 per can of paint What is the target total of cost in producing and selling 11 million cans of paint? Given Stepford's current total costs will the company reach stockholders' profit goals? Begin by calculating Stopford's target total cost Select the formula tabels and enter the amounts (Enter currency amounts in dollars, not in millions. Round all Currency amounts to the nearest whole dollar Loss Target total cost Given Stepford's current total costs, will the company reach stockholders' pront goats (hter currency amounts in dollies, not in milions) the company reach stockholders profit goals There will be aan) De Requirement 3. Continuing with Requirement 2 let's say that Stepford has found ways to reduce its total fixed costs by $340,000 What is the target variable cost per can of paint? Select the formula labels and enter the amounts to calculate Stepford's target variable cost per can of paint Enter currency amounts in dollars, not in minons Enter unit values as whole numbers, not in millions Round cost per unit amounts to the nearest cent SX XX) Less Divided by Requirement 4. Suppose Stepford plans to spend an additional $2.2 million on advertising to differentiate its product in order to increase sales volume to 125 milion cans and become more of a price setter Assume that Stepford did reduce its total fixed costs by $340,000 as stated in Requirement 3 but could not find ways to save on its variable costs. What is the cost-plus price for a can of paint under these conditions? Select the formula tabets and enter the amounts to calculate Stepford's cost plus price for a can of paint under these conditions (Enter currency amounts in deiliars not in milions. Round cost per unit amounts to the nearest cent$XXX) Current total costs Plus Divided by Cost plus price per unit Step by Step Solution
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