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just need part on and two .. THANK YOU!! Lovell Computer Parts Inc. is in the process of setting a selling price on a new

just need part on and two .. THANK YOU!! image text in transcribed
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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 46,000 units Per Unit Total Direct materials $46 Direct labor $22 Variable manufacturing overhead $21 Fixed manufacturing overhead $506,000 Variable selling and administrative expenses $21 Fixed selling and administrative expenses $322,000 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 23% return on investment (ROI) on invested assets of $1,000,000 Part 1 Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round markup percentage to 2 decimal places es. 10.50%)| Markup percentage Target selling price $ for Later Attempts: 0 of 1 used Submit Ani Part 1 Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. Round markup percentage to 2 decimal places, eg. 10.50%)| % Markup percentage Target selling price $ Save for later Attempts: 0 of 1 used Submit Answer Part 2 Assuming that the volume is 36,800 units compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round answers to 2 decimal places, s. 10.50% or 10.50) Markup percentage Target selling price Save for later Attempts:0 of 1 used somit me

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