hello tutor please help me answer Assume you have developed and tested a prototype electronic productand are about to start your new business. You purchase preprogrammedcomputer chips at $70 per unit. Other component costs include plasticcasings at $15 per unit and assembly hardware at $5 per unit.Direct labor costs are $15 per hour and three units can be produced perhour. You intend to sell each unit at a 50 percent markup over the totalcosts of producing each unit. The plan is to produce 500 product units permonth in January, February, and March. Sales are expected to be 200 unitsin January, 400 units in February, and 800 units in March.Calculate the dollar amount of sales revenue expected in each month (i.e.,January, February, and March) and for the first quarter of the year.

Given:Computer chip = 70Plastic casings = 15Assembly hardware = 5 Direct labor per unit = Direct…

Answered: Assume you have developed and tested a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 10EB: Keleher Industries manufactures pet doors and sells them directly to the consumer via their web...

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A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $72 per unit, management projects sales of 85,000 units. Launching the crepe maker as a new product would require an investment of $600,000. The desired return on investment is 13%. What is the target cost per crepe maker?
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