Question
The following is cost and production data for the Wave Darter: Per unit Variable manufacturing cost $ 430 Applied fixed manufacturing cost 230 * Absorption
The following is cost and production data for the Wave Darter: |
Per unit | |||
Variable manufacturing cost | $ | 430 | |
Applied fixed manufacturing cost |
| 230 | * |
Absorption manufacturing cost |
| 660 | |
Variable selling and administrative cost |
| 43 | |
Allocated fixed selling and administrative cost |
| 130 | * |
Total cost | $ | 833 | |
Variable manufacturing cost | $ | 430 | |
Variable selling and administrative cost | 43 | ||
| |||
Total variable cost | $ | 473 | |
* Based on planned monthly production of 45 units (or 540 units per year). |
The target profit is $57,000. |
6.
value: 2.00 points
Required information
Required: |
1. | Use the general formula for determining a markup percentage to compute the required markup percentage using Variable manufacturing cost. (Round your percentage values to 2 decimal places (i.e. .1234 should be entered as 12.34).) |
Markup percentage: ? |
7.
value: 2.00 points
Required information
2. | Use the general formula for determining a markup percentage to compute the required markup percentage using Absorption manufacturing cost. (Round your percentage values to 2 decimal places (i.e. .1234 should be entered as 12.34).) Markup percentage: ? |
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