Question
In: Accounting
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation’s expected...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation’s expected annual volume of 500,000 units:
| Per Unit | Total | ||||
| Direct materials | $10 | ||||
| Direct labour | 8 | ||||
| Variable manufacturing overhead | 15 | ||||
| Fixed manufacturing overhead | $400,000 | ||||
| Variable selling and administrative expenses | 7 | ||||
| Fixed selling and administrative expenses | 180,000 |
The company has a desired ROI of 40%. It has invested assets of
$24,600,000.
1)Using absorption-cost pricing, calculate the markup
percentage. (Round answer to 2 decimal places, e.g.
15.25%.)
2)Using variable-cost pricing, calculate the markup percentage.
(Round answer to 2 decimal places, e.g.
15.25%.)
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Ahmed Corporation makes a mechanical stuffed alligator. Thefollowing information is available for Ahmed Corporation’s expected...
Ahmed Corporation makes a mechanical stuffed alligator. The
following information is available for Ahmed Corporation’s expected
annual volume of 500,000 units:Per UnitTotalDirect materials$14Direct labour8Variable manufacturing
overhead12Fixed manufacturing
overhead$325,000Variable selling and
administrative expenses5Fixed selling and administrative
expenses175,000The company has a desired ROI of 35%. It has invested assets of
$24,000,000.
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected...
Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of 500,000 units: Per UnitTotalDirect materials$14Direct labour9Variable manufacturing overhead11Fixed manufacturing overhead$325,000Variable selling and administrative expenses5Fixed selling and administrative expenses175,000The company has a desired ROI of 40%. It has invested assets of $23,200,000. Calculate the total cost per unit. (Round answer to 2 decimal places, e.g. 15.25.) Total cost per unit $_______ Calculate the desired ROI per unit. (Round answer to 2 decimal places, e.g. 15.25.) Desired ROI...
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
500,000 units.
Per
Unit
Total
Direct materials
$ 7
Direct labor
$11
Variable manufacturing overhead
$15
Fixed manufacturing overhead
$3,000,000
Variable selling and administrative expenses
$14
Fixed selling and administrative expenses
$1,500,000
The company has a desired ROI of 25%. It has invested assets of
$28,000,000.
Your answer is correct.
Compute the total cost per...
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 486,000
units.
Per Unit
Total
Direct
materials
$
8
Direct
labor
$10
Variable manufacturing overhead
$16
Fixed
manufacturing overhead
$3,402,000
Variable selling and administrative expenses
$16
Fixed
selling and administrative expenses
$1,458,000
The company has a desired ROI of 25%. It has invested assets of
$29,160,000.
1. Compute
the total cost per unit.
Total cost...
Exercise 8-5 (Video) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthe...
Exercise 8-5 (Video) 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 UnitTotalDirect materials$6Direct labor$13Variable manufacturing overhead$16Fixed manufacturing overhead$2,904,000Variable selling and administrative expenses$12Fixed selling and administrative expenses$1,452,000The company has a desired ROI of 25%. It has invested assets of $27,104,000. Compute the total cost per unit. Total cost per units $_______ Compute the desired ROI per unit. Desired ROI per units $ _______
ELT Corporation, which makes only one product, Yester, has the following information available for the coming...
ELT Corporation, which makes only one product, Yester, has the
following information available for the coming year. ELT expects
sales to be 27,000 units at $32 per unit. The current inventory of
Yester is 3,500 units. ELT wants an ending inventory of 4,200
units. Each unit of Yester takes two units of component K.
Component K is estimated to cost $9 per unit. Current inventory of
K is 3,900 units. ELT wants 5,800 units of K on hand at the...
The following information is available for Omari Corporation for 2018 :
The following information is available for Omari
Corporation for 2018 :
Beginning
inventory
$ 700,000
Ending
inventory
800,000
Cost of goods
sold
6,000,000
Sales
8,000,000InstructionsCalculate the inventory turnover for Omari Corporation. (2.5
marks)Calculate days in inventory for Omari Corporation. (2.5
marks)
Jensen Corporation The following information is available for Jensen Corporation for the current month: Started this...
Jensen Corporation
The following information is available for Jensen Corporation for
the current month:
Started this month
80,000
units
Beginning WIP
(40% complete)
7,500
units
Normal Spoilage (discrete)
1,100
units
Abnormal spoilage
900
units
Ending WIP
(70% complete)
13,000
units
Transferred out
72,500
units
Beginning Work in Process Costs:
Material
$10,400
Conversion
13,800
Current Costs:
Material
$120,000
Conversion
350,000
All materials are added at the start of production and the
inspection point is at the end of the process.
Refer...
The following information is available from the records for John Corporation. The information pertaines to production...
The following information is available from the
records for John Corporation. The information pertaines to
production activity, sales activity and cost incurred for the last
two months. All data in the table as well as in the statements that
follow are rounded of to two decimal places. Select all statements
that are TRUE. Assume that the beginning and ending WIP inventory
and beginning FG inventory for Month 1 equal zero. Also assume that
the ending WIP inventory and ending FG...
Duke Ltd makes and sells two products. A and B. The following information is available for...
Duke Ltd makes and sells two products. A and B. The following
information is available for period 3:
A
B
Production
(units
2,500
1,750
Sales
(units)
2,300 1,600
Opening inventory
(units)
0
0
Financial
data:
A
B
₵
₵
Unit selling
price
90
75
Unit cost:
Direct
materials
15
12
Direct
labour
18
12
Variable production
overheads
12
8
Fixed production
overheads
30
20
Variable selling
overheads
1
1
Fixed production overheads...
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