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Please answer all requirements. Homework: Chapter 13 and 16 Homework Save Score: 0 of 20 pts 2 of 5 (0 complete) HW Score: 0%, 0
Please answer all requirements.
Homework: Chapter 13 and 16 Homework Save Score: 0 of 20 pts 2 of 5 (0 complete) HW Score: 0%, 0 of 100 pts P13-29 (similar to) A Question Help Quick Stop makes candy bars for vending machines and sells them to vendors in cases of 30 bars. Although Quick Stop makes a variety of candies, the cost differences are insignificant, and the cases all sell for the same price. Quick Stop has a total capital investment of $12,000,000. It expects to produce and sell 750,000 cases of candy next year. Quick Stop requires a 12% target return on investment. Expected costs for next year are: E: (Click the icon to view the costs.) Quick Stop prices the cases of candy at full cost plus markup to generate profits equal to the target return on capital. Read the requirements Requirement 1. What is the target operating income? (Enter the percentage as a whole number.) Target operating income % i Data Table Requirements - X Variable production costs $4.00 per case Variable marketing and distribution costs $1.50 per case Fixed production costs $3,735,000 Fixed marketing and distribution costs $850,000 Other fixed costs $350,000 1. What is the target operating income? 2. What is the selling price Quick Stop needs to charge to earn the target operating income? Calculate the markup percentage on full cost. 3. Quick Stop is considering increasing its selling price to $15 per case. Assuming production and sales decrease by 6%, calculate Quick Stop's return on investment. Is increasing the selling price a good idea? Print Done Print Done Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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