Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Concord Corporation has the following budgeted costs for the next year: Time Charges Material Charges $135000 $- 35000 Shop employees' wages and benefits Parts manager's
Concord Corporation has the following budgeted costs for the next year: Time Charges Material Charges $135000 $- 35000 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Invoice cost of parts and materials 45000 15000 20000 50000 500000 Total budgeted costs $200000 $600000 The material loading charge to be used next year assuming a 50% markup on material cost is materiais Total budgeted costs $20000da $600000 The material loading charge to be used next year assuming a 50% markup on material cost is O 17%. O 50%. O 70%. O 83% current Attempprogress Bramble Corp. has a new product going on the market next year. The following data are projections for production and sales: Variable costs $375000 Fixed costs $450000 ROI 14% Investment $3000000 Sales 300000 units What would the markup percentage be if only 220000 units were sold and Brislin still wanted to earn the desired ROI? 58% 27.50% 42.48% 69.42% Question 8 of 30 -/5 = : Oriole's Shop can make 1000 units of a necessary component with the following costs: Direct Materials $26000 Direct Labor 6000 Variable Overhead 3000 Fixed Overhead ? The company can purchase the 1000 units externally for $43000. The unavoidable fixed costs are $2000 if the units are purchased externally. An analysis shows that at this external price, the company is indifferent between making or buying the part. What are the fixed overhead costs of making the component? O Cannot be determined O $6000 $8000 O $10000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started