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Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of
Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 507,000 units. Per Unit Total Direct materials $7 Direct labor Variable manufacturing overhead $11 $18 Fixed manufacturing overhead $3,549,000 Variable selling and administrative expenses $14 Fixed selling and administrative expenses $1,521,000 The company has a desired ROI of 25%. It has invested assets of $30,420,000. Compute the total cost per unit. Total cost per unit $ Compute the desired ROI per unit. Desired ROI per unit $ Compute the markup percentage using total cost per unit. Markup percentage using total cost per unit Compute the target selling price. Target selling price $
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