Current Attempt in Progress Coronado Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units. (b) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit (a) $30 $35 $30 $25 Total $230,000 $92,000 Coronado Manufacturing management requests the total cost per unit be used in cost-plus pricing its products. In addition, management requests that the target price be set to provide a 30% return on investment on invested assets of $1,380,000. Attempts: 3 of 3 used Assume that the budgeted volume is 90,000 units and the invested assets for this product are $1,104,000 instead. Compute the markup percentage and target selling price for Coronado Manufacturing to earn a 30% return on investment. (Round answers to 2 decimal places, e.g. 10.50% or 10.50)

Current Attempt in Progress Coronado Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units. (b) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit (a) $30 $35 $30 $25 Total $230,000 $92,000 Coronado Manufacturing management requests the total cost per unit be used in cost-plus pricing its products. In addition, management requests that the target price be set to provide a 30% return on investment on invested assets of $1,380,000. Attempts: 3 of 3 used Assume that the budgeted volume is 90,000 units and the invested assets for this product are $1,104,000 instead. Compute the markup percentage and target selling price for Coronado Manufacturing to earn a 30% return on investment. (Round answers to 2 decimal places, e.g. 10.50% or 10.50)

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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