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- 37 7 nces Mc Graw Hill E4-20 (Algo) Calculating Target Cost [LO 4-8] Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: Estimated market price Annual demand Life cycle Target profit Required: $ 1,300 87,000 1. Target Cost 2. Target Cost 3. Target Cost units years 7 29 percentage return on sales. 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 42 percent return on sales. 3. Compute the target cost if Majesty wants a 11 percent return on sales.11:58 P Eta 4G+ ll 95% i docs.google.com/forms/d/e/11 X Company manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 500 units and 1,000 units. Assume that $1,000 of the factory maintenance cost was fixed cost. COSTS 500 units 1,000 units Depreciation of plant equipment ১6,000 $6,000 Direct labor 2,500 5,000 Direct material 5,000 10,000 Factory maintenance 2,500 4,000 Indirect labor 1,000 2,000 Plant manager salaries 20,000 20,000 Property taxes on plant 6,500 6,500 Based on the above, when the company produces 500 units, total variable costs will be calculated as follows: * 2,500 + 5,000 + 1,000 2,500 + 5,000 + 1,000 + 1,500 2,500 + 5,000 + 1,000 + 1,000 None of the aboveBusiness
- 22 Jlgw identical companies producing an identical product with identical cost, the type of market is 450 Perfect competition (A Monopoly (B Oligopoly C Monopolistic marketNone150 120 90 30 Production Consumption Exports Stage 1 Stage 2 Imports Stage 3 150 120 90 60 30 0 Stage 1 Stage 2 Exports Imports O Comparative Advantage O Factor Proportion O International Product Life Cycle O New Trade O National Competitive Advantage Stage 3 150 120 90 This diagram refers to which of the following theories: Imports Stage 1 Stage 2 Exports Stage 3
- QS 18-15 (Static) Interpreting a CVP chart LO P2 Solve for each of the items below. Dollars $25,000 $20,000 $15,000 $10,000 $5,000 $0 (b) 0 200 400 600 (c) (d). 1. Units produced at break-even point 2. Dollar sales at break-even point 3. Capacity in units 4. Are fixed costs greater than $10,000? 5. If 1,400 units are produced and sold, is there a profit or a loss? (a) (e) 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Units produced and soldSatisfaction 95% • $0 What would be the total cost of Software M over time? $?] Not Satisfied $6,000 Software X 45% • $18,000 Software M $12,000 Satisfaction Not Satisfied 95% • $0 5% • $2,000W 88 303 29 M Question 3 of 15 View Policies Current Attempt in Progress Cost Assembly Inspections Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: O $59750. O $33000. O $55000. O $77000. .. Save for Later 144 4* 350 Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much inspections cost is assigned to titanium racquets? > 16 6 500 mach. hours al pus pe 46 squared Aquoday DI Aluminum 1900 labor hours ANS MON BO 7 150 U Total Cost * $57000 $110000 e ho 9 T ہے O WORLD CIDE FOUINCIAL CUP MOBILE AL 30801- Jalldudlashbatllat. Komp Attempts: 0 of 1 used 12 E 11 * prt sc -/1 = ← backspace Submit Answer scr lk Insert **** pause home ** ***** *** ste AV ***** ** clear *** Days
- Qx MUX QY MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 16 60 105 12 70 120 8 80 220 24 21 18 4 Seks Suppose Fred's income is $240 and he buys 75 units of X and 30 units of Y. If Fred buys $1's worth less of X and $1's worth more of Y, then his utility will increase by 16 utils. increase by 4 utils. decrease by 4 utils. increase by 24 utils. decrease by 45 utils. decrease by 24 utils. decrease by 16 utils. O not change. increase by 45 utils.171R x 8C 3 4 5 6 = 7 - 8 = 9 10 11 12 13 7 14 2 File 16 Dv 23 1 2 Jay Corporation has decided to prepare contribution income statements for internal planning. 77 17 2022 18 19 20 21 22 Home v A Quarter 1 Quarter 2 Quarter 3 Quarter 4 Review View Help ✓11 v B EA ... Ev ab X✓ fx Accessibility tab summary: Information about Jay Corporation is presented in row 2. Financial information of the com F K N Budgeted information for Quarter 1 of 2024: Sales in units Sales price per unit 2023 Insert Quarter 1 Quarter 2 Quarter 3 Quarter 4 Calibri Rent Expense (per quarter) Depreciation Expense (per quarter) Draw - 15 Shipping has been determined to be a mixed cost with the following total costs and units: → B After analyzing expenses, the company has determined the following cost patterns. Cost of Goods Sold (per unit) $29.00 Sales Commissions (per dollar of sales) 9.50% Administrative Salaries (per quarter) $45,000 $27,000 $36,000 Formulas 24 25 25 26 27 28 use the data to answer the following…
