Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

roduct Cost Method of Product Costing oice Com, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of

image text in transcribed
roduct Cost Method of Product Costing oice Com, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,960 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $86 per unit Factory overhead $201,100 Direct labor 34 Selling and admin. exp. 71,400 Factory overhead 22 Selling and admin. exp. 22 Total variable cost per unit $164 per unit Voice Com desires a profit equal to a 15% rate of return on invested acets of $599,800. a. Determine the amount of desired profit from the production and sale of 4,960 units of col phones, b. Determine the product cost per unit for the production of 4,960 of cell phones. It required, round your answer to nearest dollar per unit c. Determine the product cout markup percentage (rounded to two decimal places) for cell phones d. Determine the selling price of cell phones. Round to the nearest dollar Total Cost per unit Der unit Selling price per unit

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

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago