Crane Corporation produces industrial robots for high-precision manufacturing. The following information is given for Crane Corporation: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Per Unit $400 Fixed selling and administrative 280 Variable selling and administrative expenses 55 71 Total $1,575,300 307,050 The company has a desired ROI of 20%. It has invested assets of $51,260,000. It expects to produce 2,670 units each year. (a) Calculate the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Fixed manufacturing overhead Senter a dollar amount per unit Senter a dollar amount per unit per unit per unit

Crane Corporation produces industrial robots for high-precision manufacturing. The following information is given for Crane Corporation: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Per Unit $400 Fixed selling and administrative 280 Variable selling and administrative expenses 55 71 Total $1,575,300 307,050 The company has a desired ROI of 20%. It has invested assets of $51,260,000. It expects to produce 2,670 units each year. (a) Calculate the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Fixed manufacturing overhead Senter a dollar amount per unit Senter a dollar amount per unit per unit per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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