Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Total Per
Question 2 Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Total Per Unit Direct materials $12 Direct labour Variable manufacturing overhead 14 Fixed manufacturing overhead $350,000 Variable selling and administrative expenses Fixed selling and administrative expenses 150,000 The company has a desired ROI of 20%. It has invested assets of $22,400,000. Calculate the total cost per unit. (Round answer to 2 decimal places, e.g. 15.25.) Total cost per unit $ LINK TO TEXT Calculate the desired ROI per unit. (Round answer to 2 decimal places, e.g. 15.25.) Desired ROI per unit Calculate the markup percentage using the total cost per unit. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage per unit LINK TO TEXT Calculate the target selling price. (Round answer to 2 decimal places, e.g. 15.25.) Target selling price $4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started