Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Monty Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Monty Corporation's anticipated annual volume of

Monty Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Monty Corporation's anticipated annual volume of 483,000 units.

Per Unit Total
Direct materials $ 6
Direct labor $ 10
Variable manufacturing overhead $ 14
Fixed manufacturing overhead $ 2,898,000
Variable selling and administrative expenses $ 17
Fixed selling and administrative expenses $ 1,449,000

The company has a desired ROI of 25%. It has invested assets of $ 27,048,000.

Compute the desired ROI per unit.

Desired ROI per unit $ enter the desired return on investment per unit in dollars

======================================================================

Grouper Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Grouper Corporations anticipated annual volume of 492,000 units.

Per Unit

Total

Direct materials

$ 8

Direct labor

$9

Variable manufacturing overhead

$17

Fixed manufacturing overhead

$3,444,000

Variable selling and administrative expenses

$16

Fixed selling and administrative expenses

$1,476,000

The company has a desired ROI of 25%. It has invested assets of $29,520,000.

Compute the desired ROI per unit.

ROI $enter the return on investment per unit in dollars per unit

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

Step: 3

blur-text-image

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

Money And Banking

Authors: Robert E. Wright, Vincenzo Quadrini

1st Edition

0982043082, 9780982043080

More Books

Students also viewed these Accounting questions

Question

Find Vx in the network shown in Fig. 13.78. 2 2 /4

Answered: 1 week ago