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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit $420 $300 $ 70 Total Direct materials
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit $420 $300 $ 70 Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses 60 Fixed selling and administrative expenses $1,738,000 227,520 The company has a desired ROI of 20%. It has invested assets of $57,196,000. It anticipates production of 3,160 units per year. 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 per unit per unit LINK TO TEXT Compute the desired ROI per unit. Desired ROI per unit LINK TO TEXT Compute the markup percentage and arget selling price using absorption-cost pricing Round the markup percentage t 3 decima places e.9-2.250% and he target selling price to O decimal places, e.g. 125.) Markup percentage Target selling price LINK TO TEXT Compute the markup percentage and target selling price using variable-cost pricing. (Round the markup percentage to 3 decimal places, eg, 2.250% and the target selling price to 0 decimal places, e.g. 125.) Markup percentage Target selling price
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