Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi! Each picture is a different question, thank you. I know it looks that you cant see but you just have to zoom and thats
Hi! Each picture is a different question, thank you. I know it looks that you cant see but you just have to zoom and thats it.
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,500 units of cell phones are as follows: Variable costs per unit: Smart Stream desires a profit equal to a 15% return on invested assets of $509,520. a. Determine the total costs and the total cost amount per unit for the production and sale of 4,500 cell phones. Round the cost per unit to two decimal places. b. Determine the total cost markup percentage for cell phones. Round your answer to two decimal places. % c. Determine the selling price of cell phones. Round to the nearest cent. $ per cell phone b. Based only on the data presented, should the proposal be accepted? c. Differences in capacity between the two alternatives is relevant to consider before a final decision is made. Smart Stream Inc. uses the variable cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cell phones are as follows: Variable costs Der unit: Smart Stream desires a profit equal to a 30% return on invested assets of $1,200,000. a. Determine the variable costs and the variable cost amount per unit for the production and sale of 10,000 cell phones. b. Determine the variable cost markup percentage for cell phones. Round to two decimal places. % c. Determine the selling price of cell phones. If required, round to the nearest dollar. $ per cell phoneStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started