FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $32000 Variable selling and administrative costs $24000 Fixed manufacturing costs

Marigold Corp. has gathered the following information concerning one model of shoe:

Variable manufacturing costs $32000
Variable selling and administrative costs $24000
Fixed manufacturing costs $160000
Fixed selling and administrative costs $120000
Investment $1600000
ROI 30%
Planned production and sales 4000 pairs

What is the total cost per pair of shoes?

a) $197

b) $120

c) $48

d) $84

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost management a strategic approach

Cost management a strategic approach

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

5th edition

73526940, 978-0073526942

More Books

Students also viewed these Accounting questions

Question

★★★★★
A slide projector, using slides of width 5.08 cm, produces an image that is 2.00 m wide on a screen 3.50 m away. What is the focal length of the projector lens?

Answered: 1 week ago

Question

★★★★★
Write chemical equations for (a) The burning of lithium in oxygen; (b) The reaction of sodium metal with water; (c) The reaction of fluorine gas with water; (d) The oxidation of water at the anode of...

Answered: 1 week ago

Question

★★★★★
6.81 No Shows, again An airline finds that 5% of the persons making reservations on a certain flight will not show up for the flight. If the airline sells 160 tickets for a flight that has only 155...

Answered: 1 week ago

Question

★★★★★
1. Assume that the elasticity of demand for chewing tobacco is 0.70 and the elasticity of supply is 2.30. Suppose an antic hewing campaign decreases the demand for chewing tobacco by 18 percent. The...

Answered: 1 week ago

Question

★★★★★
Blinding Light Company has a project available with the following cash flows: What is the project's IRR? Multiple Choice 16.91% 17.59%

Answered: 1 week ago

Question

★★★★★
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 45,600 Equity $ 545,600 Fixed assets...

Answered: 1 week ago

Question

★★★★★
Case: Rob Parson at Morgan Stanley Should Parsons be promoted? Why or why not? Analyzing, how effective Nasr has been at managing Rob Parson. In retrospect, what could he have done more effectively?...

Answered: 1 week ago

Question

★★★★★
The call Marc received was from the sales representative for the Asia and Pacific region at Atlas Mining, a Quebec SME based in Trois-Rivires and specializing in mining equipment. The client had...

Answered: 1 week ago

Question

★★★★★
Very often, when formulating an optimization problem, it is convenient to use binary decision variables (variables that can take only the values 0 or 1). Denote the price of a particular SKU during...

Answered: 1 week ago

Question

★★★★★
Acme Inc. produces furniture, including chairs. Below is the BOM of one of their products (i.e. a chair). The number of parts needed are shown (e.g. We need 4 rails to make 1 leg assembly. At the...

Answered: 1 week ago

Question

★★★★★
Develop a business plan for your video security system. Include as detail information as possible. At least the following items should be included: list of materials along with price, labor cost,...

Answered: 1 week ago

Question

★★★★★
Why didn't many students stop by the booth at the career fair? List 3 key reasons that can be determined based upon information provided in the case. Joseph Bloom was confused and disappointed. As IT...

Answered: 1 week ago

Question

★★★★★
What changes would you suggest to the recruitment and selection processes for dough masters? Why? Pizza Barn provides upscale takeout pizzas and has locations in major cities all across Canada....

Answered: 1 week ago

Question

★★★★★
Based upon the 3 reasons you have selected, what might Joseph do differently to address each issue if the company were to attend a career fair again? Joseph Bloom was confused and disappointed. As IT...

Answered: 1 week ago

Previous Question Next Question