Question
Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information...
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 484,000 units.
| Per Unit | Total | |||||
| Direct materials | $ 6 | |||||
| Direct labor | $13 | |||||
| Variable manufacturing overhead | $16 | |||||
| Fixed manufacturing overhead | $2,904,000 | |||||
| Variable selling and administrative expenses | $12 | |||||
| Fixed selling and administrative expenses | $1,452,000 | |||||
The company has a desired ROI of 25%. It has invested assets of
$27,104,000.
(a)
Correct answer iconYour answer is correct.
Compute the total cost per unit.
| Total cost | $ | per unit |
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(b)
Correct answer iconYour answer is correct.
Compute the desired ROI per unit.
| ROI | $ | per unit |
eTextbook and Media
Attempts: 1 of 5 used
(c)
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
Using absorption-cost pricing, compute the markup percentage. (Round answer to 2 decimal places, e.g. 10.50%.)
| Absorption-cost pricing markup percentage | % |
Homework Answers
Answer #1
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