Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 View Policies Current Attempt in Progress National Corporation needs to set a target price for its newly designed product M14-M16. The following data

image text in transcribedimage text in transcribedimage text in transcribed

Question 1 View Policies Current Attempt in Progress National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $23 Direct labor $45 Variable manufacturing overhead $12 Fixed manufacturing overhead $1,296,000 Variable selling and administrative expenses $10 Fixed selling and administrative expenses $ 1,134,000 These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Variable cost per unit $ Fixed cost per unit Total cost per unit e Textbook and Media Compute the desired ROI per unit for M14-M16. Desired ROI $ per unit eTextbook and Media Compute the target selling price for M14-M16. Target selling price per unit $ Target selling price per unit $ eTextbook and Media Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,750 M14-M16s are produced and sold during the year. Variable cost per unit $ Fixed cost per unit Total cost per unit eTextbook and Media

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

Audit Society Rituals Of Verification

Authors: Michael POWER

1st Edition

0198296037, 978-0198296034

More Books

Students also viewed these Accounting questions

Question

List the different categories of international employees. page 642

Answered: 1 week ago

Question

Explain the legal environments impact on labor relations. page 590

Answered: 1 week ago