Score: 20 of 32 pts 2 of 4 (3 complete) HW Score: 55.71%, 39 of 70 pts Exercise 12-15 (similar to) Question Help The new chief executive officer (CEO) of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing Click the icon to view the variety of operations information.) Read the requirements. Requirement 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product. Begin by calculating the (a) total sales revenue. Rearrange the income statement formula to solve for the amount. Operating income $ 225,000 3,250,000 Fixed costs Contribution margin 3,475,000 Variable costs 1,250.000 $ 4,725,000 Sales revenue (Round your answer to the nearest cent.) (b) The selling price per unit is $ 9.45 (c) Calculate the rate of return on investment. Choose from any list or enter any number in the input fields and then click Check Answer. ? Score: 20 of 32 pts 2 of 4 (3 complete) HW Score: 55.71%, 39 of 70 pts % Exercise 12-15 (similar to) A Question Help The new chief executive officer (CEO) of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: Click the icon to view the variety of operations information.) Read the requirements (c) Calculate the rate of return on investment Determine the formula you will use and then enter the amounts. (Round the return on investment to the nearest whole percentage.) ( Operating income Total investment Return on investment ( $ 225,000 2.500.000 9 % (d) Calculate the markup percentage on full cost for this product Determine the formula you will use and then enter the amounts. (Enter the per unit amounts to the nearest cent. Enter the markup as a percentage rounded to two decimals.) Markup per unit Full cost per unit Markup on full costs 0.45 9.00 5.00 % Requirement 2. The new CEO has a plan to reduce fixed costs by $250,000 and variable costs by $0.50 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price. Begin by calculating the new total revenues. (Round your answer the nearest whole dollar.) Choose from any list or enter any number in the input fields and then click Check Answer. Score: 20 of 32 pts 2 of 4 (3 complete) HW Score: 55.71%, 39 of 70 pts % Exercise 12-15 (similar to) A Question Help The new chief executive officer (CEO) of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: Click the icon to view the variety of operations information.) Read the requirements Determine the formula you will use and then enter the amounts. (Enter the per unit amounts to the nearest cent. Enter the markup as a percentage rounded to two decimals.) Markup per unit Full cost per unit Markup on full costs ( $ 0.45 9.00 5.00 % Requirement 2. The new CEO has a plan to reduce fixed costs by $250,000 and variable costs by $0.50 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price. Begin by calculating the new total revenues (Round your answer to the nearest whole dollar.) New fixed costs New total variable costs New total costs 105.00% Markup percentage New total revenues Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer Score: 20 of 32 pts 2 of 4 (3 complete) HW Score: 55.71%, 39 of 70 pts % Exercise 12-15 (similar to) Question Help The new chief executive officer (CEO) of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: (Click the icon to view the variety of operations information.) Read the requirements Determine the formula you will use and then enter the amounts. (Enter the per unit x Data Table unded to two decimals.) Full cost per unit Markup on full Markup per unit 0.45 9.00 5.00 Total sales revenues ? 500,000 units 500,000 units. Using the same markup percentage as in requirement 1, Requirement 2. The new CEO has a plan to reduce fixed costs by $250,000 and calculate the new selling price. Begin by calculating the new total revenues. (Round your answer to the nearest wh ? $ 225,000 Number of units produced and sold Selling price Operating income Total investment in assets Variable cost per unit Fixed costs for the year $ New fixed costs $ 2,500,000 2.50 3,250,000 New total variable costs New total costs $ 105.00% Markup percentage New total revenues Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer Score: 20 of 32 pts 2 of 4 (3 complete) HW Score: 55.71%, 39 of 70 pts % Exercise 12-15 (similar to) Question Help The new chief executive officer (CEO) of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: (Click the icon to view the variety of operations information.) - X Read the requirements Requirements Determine the formula you will use and then enter the amounts. (Ente decimals.) Markup per unit Full cost per unit M 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, 0.45 9.00 and (d) markup percentage on full cost for this product. 2. The new CEO has a plan to reduce fixed costs by $250,000 and variable Requirement 2. The new CEO has a plan to reduce fixed costs by $2 costs by $0.50 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price. Using the same markup percentage as in requirement 1, calculate the new selling price. Begin by calculating the new total revenues. (Round your answer to t 3. Assume the CEO institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower New fixed costs product quality resulting in 10% fewer units being sold compared to before the New total variable costs change. Calculate operating income (loss). 4. What concerns, if any, other than the quality problem described in requirement New total costs 3, do you see in implementing the CEO's plan? Explain briefly. Markup percentage 105.00% New total revenues Print Done Choose from any list or enter any number in the input fields and then click Check