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Exercise M-5 Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual
Exercise M-5 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 483,000 units. Total Per Unit $ 6.75 $11.00 $14.89 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $3,071,880 $13.97 $1,284,780 The company has a desired ROI of 24%. It has invested assets of $27,594,000. Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Total cost per units Compute the desired ROI per unit. (Round answer to 2 decimal places, e.g. 10.50.) Desired ROI per units Compute the markup percentage using total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Markup percentage using total cost per unit Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling prices
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