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Need the ans asap Please answer the hole question at once its a request Thank you Gerber Clothing Inc. has designed a rain suit for

Need the ans asap
Please answer the hole question at once
its a request
Thank you
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image text in transcribed
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Gerber Clothing Inc. has designed a rain suit for outdoor enthusiasts that is about to be introduced on the market. A standard cost card has been prepared for the new suit, as follows: Standard Quantity or Standard price Standard or Rate Cost hours Direct materials 2.7 metres $10 per metre 5 27.00 Direct labour 1.0 hours 39 per hour 39.00 Manufacturing overhead (1/6 variable) 1.0 hours 30 per hour 30.00 Total standard cost per suit $96.00 a. The only variable selling and administrative costs will be $7 per suit for shipping. Fixed selling and administrative costs will be as follows (per year): Salaries Advertising and other Total $ 76,120 336,000 $412,120 Since the company manufactures many products, it is felt that no more than 10,200 hours of labour time per year con be devoted to production of the new suits. d. An investment of $520,000 will be necessary to carry inventories and accounts receivable and to purchase some new equipment The company wants a 20% ROI in new product lines, e Manufacturing overhead costs are allocated to products on the basis of direct labour-hours. Required: 1. Assume that the company uses the absorption approach to cost-plus pricing a. Compute the markup that the company needs on the rain sults to achieve a 20% ROHINI sells all of the sults it can produce using 10,200 hours of labour time. Required: 1. Assume that the company uses the absorption approach to cost-plus pricing 4. Compute the markup that the company needs on the rain sults to achieve a 20% ROMPI sells all of the suits it can produce using 10.200 hours of labour time. Markup perontage 6. Using the markup you have computed, prepare a price quote sheet for a single rain sult. (Round your answers to 2 decimal places.) Direct materials Ditect about Manufacturing overhead Uolt product cost Add ma cup of uns productos Target selling price 1. Assume that the company is able to sell all of the rain suits that it can produce. Prepare an income statement for the first year of activity Sales Lets cost of goods sold C-1. Assume that the company is able to sell all of the rain suits that it can produce. Prepare an income statement for the first year of activity Sales Less cost of goods sold Gross margin Loss soling, general and administrative expenses Shipping Salaries Advertising and other Total seling, general, and administrative expense Operating income 2. Compute the company's Rol for the year on the suits, using the rol formulo. (Do not round Intermediate calculations.) ROI 2. Repeat requirements to and tb above, assuming that the company uses the total variable costing approach to cost-plus pricing. (Do not round Intermediate calculations, Round your answers to 2 decimal places.) Markup percentage for the total variable costing Target seling price

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