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Grouper Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Grouper Corporation's anticipated annual volume of
Grouper Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following
information is available for Grouper Corporation's anticipated annual volume of 492,000 units,
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Per Unit
$8
$9
$17
Total
$3,444,000
$16
$1,476,000
The company has a desired ROl of 25%. It has invested assets of $29,520,000.
(a)
Compute the total unit cost.
Total cost per unit
$
(b)
Compute the desired ROi per unit.
(c)
Compute the markup percentage using total unit cost.
Markup percentage using total cost per unit
%
(d)
Compute the target selling price. (Round answer to O decimal places, e.g. 75.)
Target selling price
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