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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit $440 $350 $ 77 Total Direct materials
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit $440 $350 $ 77 Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,508,000 56 $ 551,000 The company has a desired ROI of 23%. It has invested assets of $53,900,000. It anticipates production of 2,900 units per year (a) Your answer is correct Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses 520 per unit 190 per unit SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Your answer is correct. Compute the desired ROI per unit. (Round answer to 0 decimal places, e.g. 125.) Desired ROI 4275 per unit
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