Question

Waterway Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information...

Waterway Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Waterway Corporation's anticipated annual volume of 507,000 units.

Per Unit Total
Direct materials $ 7
Direct labor $11
Variable manufacturing overhead $18
Fixed manufacturing overhead $3,549,000
Variable selling and administrative expenses $14
Fixed selling and administrative expenses $1,521,000

The company has a desired ROI of 25%. It has invested assets of $30,420,000.

Compute the total cost per unit.

Total cost per unit


  

  

Compute the desired ROI per unit.

Desired ROI per unit

  

Compute the markup percentage using total cost per unit.

Markup percentage using total cost per unit

  

  

Compute the target selling price.

Target selling price
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