Question
Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporations anticipated annual volume of
Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporations anticipated annual volume of 492,000 units. Per Unit Total Direct materials $ 6.86 Direct labor $11.00 Variable manufacturing overhead $14.75 Fixed manufacturing overhead $3,011,040 Variable selling and administrative expenses $13.77 Fixed selling and administrative expenses $1,254,600 The company has a desired ROI of 25%. It has invested assets of $27,554,000.
Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.)
Compute the desired ROI per unit. (Round answer to 2 decimal places, e.g. 10.50.)
Using absorption-cost pricing, compute the markup percentage. (Round answer to 2 decimal places, e.g. 10.50%.)
Using variable-cost pricing, compute the markup percentage. (Round answer to 2 decimal places, e.g. 10.50%.)
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