Question
Markup Product Cost Method The company desires a 25% return on invested assets of $1,000,000. Calculate the Desired Profit: 250,000 The Total Cost to produce
Markup Product Cost Method The company desires a 25% return on invested assets of $1,000,000. Calculate the Desired Profit: 250,000 The Total Cost to produce 44,000 units included $1,760,000 of Manufacturing Cost and $225,200 of Selling & Administrative Cost. Units Expected to be produced and sold 44,000 units Total Manufacturing Cost $1,760,000 Total Selling & Administrative Cost 225,200 Total Cost $1.985 200 ssignment/takeAssignmentMain.do?invoker=&takeAssig Units Expected to be produced and sold 44,000 units Total Manufacturing Cost $1,760,000 Total Selling & Administrative Cost 225,200 Total Cost $1,985,200 Calculate the Manufacturing Cost per unit: $ 40 (round to nearest penny) Determine the Product Cost Markup Percentage: (round to 1 place past the decimal (i.e. 82.69 input as 82.7)) ermine the Selling Price per unit (Use your rounded Product Cost Markup %): Round to nearest penny) Total Revenue on the sale of the 44,000 units (round to nearest dollar) All work saved. 14.2 % Less: Total Cost $1,985,200 Total Profit (round to nearest dollar) Previous
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