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help with part A please IN CALCULATOR FULL SHEEN PUNTER VERSION - HAIR NEXTE Problem 3-7A (Part Level Submission) (Video) Lovell Computer Parts Inc. is
help with part A please
IN CALCULATOR FULL SHEEN PUNTER VERSION - HAIR NEXTE Problem 3-7A (Part Level Submission) (Video) Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just formed and developed the following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 52,000 units Per Total Unit $45 $21 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $624,000 $12 $468,000 Lovell Computer Parts management requests that the total cost per unit be used in cost.plus pricing its products. On this particular product, management also directs that the target price be set to provide a 20% return on investment (ROI) on invested assets of 31,000,000 (a) compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 26% on this new component. (Round markup percentage to 2 decimal places. e.g. 10.50%) Markup percentage 96 Target selling price 5 Click if you would like to Show Work for this question: Qen Show Wack Step by Step Solution
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