Variable costs:ManufacturingSales commissionTotal variable costsFixed costs (allocated):ManufacturingSelling and administrativeTotal fixed costsTotal costsVariable manufacturing cost per unitE20.24Absorption cost per unitTotal variable cost per unit== $400$192000-480=($192000-$120000)- 480= ($192000-124000)-480=$450= 5650$192 000$ 24 000$120 000$48 000$216 000$168 000$384 000Determining markup percentage; target ROI: manufacturer LO 20.3Refer to the cost and production data for the Wave Darter in Exhibit 20.4. The target profit is $110000.RequiredUse the general formula to calculate the required markup percentages for each of the following cost-plus formulas:1. variable manufacturing cost2. absorption cost.

Markup is the profit of a particular product or service which is often represented in percentage…

E20.24 Determining markup percentage; target ROI: manufacturer LO 20.3@ Refer to the cost and production data for the Wave Darter in Exhibit 20.4. The target profit is $110 000. Required Use the general formula to calculate the required markup percentages for each of the following cost- plus formulas: 1. variable manufacturing cost 2. absorption cost.

E20.24 Determining markup percentage; target ROI: manufacturer LO 20.3@ Refer to the cost and production data for the Wave Darter in Exhibit 20.4. The target profit is $110 000. Required Use the general formula to calculate the required markup percentages for each of the following cost- plus formulas: 1. variable manufacturing cost 2. absorption cost.

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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Subject-Acounting
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Subject: Accounting