I need help with my homework for the areas left blank, thanks.

CHAPTER 22 I need help with a couple questions on this assignment. I need help with the ones left blank. Question 1 part b Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 47,000 units. Per Unit Direct materials $ 47 Direct labor $ 21 Variable manufacturing overhead $ 18 Fixed manufacturing overhead Total $ 611,000 Variable selling and administrative expenses $ 15 Fixed selling and administrative expenses $ 235,000 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 24 % return on investment (ROI) on invested assets of $ 1,263,900 . (a) Your answer is correct. Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 24 % on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage % 5.42 $ Target selling price 125.45 SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Attempts: 1 of 3 used Assuming that the volume is 40,500 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 24 % on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage % $ Target selling price QUESTION 2 PART B Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Time Charges Technicians' wages and benefits $ 169,495 - - $ 34,700 Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Material Loading Charges 30,028 6,880 14,982 38,947 $ 214,505 $ 80,527 The company has budgeted for 6,430 hours of technician time during the coming year. It desires a $ 38.26 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $ 693,000 . (a) Your answer is correct. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) $ Labor rate per hour 71.62 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage % QUESTION 3 MINIMUM TRANSFER PRICE Crede Inc. has two divisions. Division A makes and sells student desks. Division B manufactures and sells reading lamps. Each desk has a reading lamp as one of its components. Division A can purchase reading lamps at a cost of $ 10.15 from an outside vendor. Division A needs 10,600 lamps for the coming year. Division B has the capacity to manufacture 50,700 lamps annually. Sales to outside customers are estimated at 40,100 lamps for the next year. Reading lamps are sold at $ 12.04 each. Variable costs are $ 6.63 per lamp and include $ 1.23 of variable sales costs that are not incurred if lamps are sold internally to Division A. The total amount of fixed costs for Division B is $ 83,800 . Consider the following independent situations. (a) Your answer is partially correct. Try again. What should be the minimum transfer price accepted by Division B for the 10,600 lamps and the maximum transfer price paid by Division A? (Round answers to 2 decimal places, e.g. 10.50.) $ Minimum transfer price accepted by Division B per unit $ Maximum transfer price paid by Division A 10.15 per unit QUESTION 4 PART B Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 47,000 units. Per Unit Direct materials $ 47 Direct labor $ 21 Variable manufacturing overhead $ 18 Fixed manufacturing overhead Total $ 611,000 Variable selling and administrative expenses $ 15 Fixed selling and administrative expenses $ 235,000 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 24 % return on investment (ROI) on invested assets of $ 1,263,900 . (a) Your answer is correct. Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 24 % on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage % 5.42 $ Target selling price 125.45 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Assuming that the volume is 40,500 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 24 % on this new component. (Round answers to 2 decimal places, e.g. 10.50.) Markup percentage % $ Target selling price LINK TO TEXT