Question 1

Bramble Corporation needs to set a target price for its newly designed product M 14M16. The following data relate to this new product. Per Unit Total Direct materials $32 Direct labor $44 Variable manufacturing overhead $8 Fixed manufacturing overhead $1,209,600 Variable selling and administrative expenses 33 6 Fixed selling and administrative expenses $ 806,400 These costs are based on a budgeted volume of 67,200 units produced and sold each year. Bramble uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total unit variable cost, total unit xed cost, and total unit cost for M 147M 16. Variable cost per unit $ Fixed cost per unit Total cost per unit $ Compute the desired ROI per unit for M 14M16. Desired ROI $ l per unit eTextbook and Media Compute the target selling price for M14M 16. Target selling price per unit $ eTextbook and Media Compute unit variable cost, unit xed cost, and unit total cost assuming that 50,400 M147M 165 are produced and sold during the yeah Variable cost per unit $ Fixed cost per unit Total cost per unit $ Novak Small Engine Repair charges $46 per hour of labor. It has a material loading percentage of 45%. On a recent job replacing the engine of a riding lawnmower, Novak worked 11.0 hours and used parts with a cost of $600. Calculate Novak's total bill. Novak's total bill $ l l Lily Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $10 and $20, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the rst 2 quarters of 2022 are as follows. Product Quarter 1 Quarter 2 XQ-103 22,000 24,200 XQ-104 13,200 16,500 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. Six Months Total Sales Units Selling Price Total Sales 10 $ 242200 46200 $ l 10 $ l 462000 20 l 330000 l 29700 l 20 l 594000 $ 572200 75900 $ 1056000 Current Attempt in Progress Bonita Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows. Quarter HD-240 1 4,500 2 6,300 3 7,200 4 9,000 The January 1, 2022, inventory of HD-240 is 1,800 units. Management desires an ending inventory each quarter equal to 40% ofthe next quarter's sales. Sales in the rst quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022. BONITA COMPANY Production Budget Product HD-240 Quarter 1 2 V V V