During the current year, Ivanhoe Corporation expects to produce 10,000 units and has budgeted the following net income $250,000 variable costs $774,000; and fixed costs $301.000. It's investment in assets is $1,505,000, The company's budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, es 52.75. Round answer to 0 decimal places, eg. 20%) Budgeted markup percentage

During the current year, Ivanhoe Corporation expects to produce 10,000 units and has budgeted the following net income $250,000 variable costs $774,000; and fixed costs $301.000. It's investment in assets is $1,505,000, The company's budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, es 52.75. Round answer to 0 decimal places, eg. 20%) Budgeted markup percentage

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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Compute the dollar amount of Direct Material "A" to be used in production during the year, given the following info: Budgeted Sales for the year = 640,000 units Estimated Beg. Inventory = 108,000 units Desired End. Inventory = 90,000 units The Quantities of Direct Materials expected to be used for each Unit of finished product are as follows: Material A = 0.5 lb. per unit @ $0.60 per lb. Material B 1.0 lb. per unit @ $1.70 per lb. Material C= 1.2 lb. per unit @ $1.00 per lb. O $186,600.00 $210,600.00 O$181,200.00 $240,000.00
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During the current year, Mute Corporation expected to sell 24,600 telephone switches. Fixed costs for the year were expected to be $12,147,000, the unit sales price was budgeted at $3,500, and unit variable costs were budgeted at $1,680. Mute's margin of safety (MOS) in units is Multiple Choice O O 17,925. 21,705. 23,015. 19,095. 17,795.