E20.25 Cost-plus pricing formulas; missing data: manufacturer LO 20.3 The following data relate to LawnMate Corporation's top-of-the-line lawnmower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $500 150 120 ? To achieve a target price of $950 per lawnmower, the markup percentage is 12.5 per cent on total unit cost. Required 1. What is the fixed selling and administrative cost allocated to each unit of LawnMate's top-of-the-line mower? 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $950 per mower. (a) variable manufacturing cost (b) absorption manufacturing cost (c) total variable cost.

E20.25 Cost-plus pricing formulas; missing data: manufacturer LO 20.3 The following data relate to LawnMate Corporation's top-of-the-line lawnmower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $500 150 120 ? To achieve a target price of $950 per lawnmower, the markup percentage is 12.5 per cent on total unit cost. Required 1. What is the fixed selling and administrative cost allocated to each unit of LawnMate's top-of-the-line mower? 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $950 per mower. (a) variable manufacturing cost (b) absorption manufacturing cost (c) total variable cost.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Do not give answer in image
Current Attempt in Progress Bridgeport, Inc. manufactures and sells two products, Standard and Deluxe. Relevant per unit data for each product are given below: Selling price Variable costs Machine hours (a) Product Standard $44 $22 2 Deluxe Contribution margin per unit of limited resource $75 $30 3 Compute the contribution margin per unit of limited resource for each product. $ Standard Product Deluxe
Please do not give solution in image format thanku
Contribution Margin by Segment The following data are for Cabin Craft Apparel: East West Sales volume (units): Product XX 9,300 10,000 Product YY 6,100 12,900 Sales price: Product XX $18 $20 Product YY $23 $22 Variable cost per unit: Product XX $11 $11 Product YY $14 $14 a. Determine the contribution margin for Product YY.$fill in the blank 1 b. Determine the contribution margin for the West Region.$fill in the blank 2
B1
Please help me
Please do not give solution in image format thanku
PROBLEM 8. The Color Company manufactures and sells two products. The selling prices and variable costs of the products are as follows: Blujets Blupens P20 Selling prices Variable costs P40 8 24 The sales for 2021 were in the ratio of 3 Blujets to 1 Blupen. Sales volume for 2021 was P1 million. Fixed costs for 2020 amounted to P390,000. Requirements: 4. If the sales mix was to change to 2 units of blujets to 1 unit of Blupen, would this have any effect on the breakeven sales? If so, what would be the new breakeven sales? 5. Assuming that the sales volume would remain at P1 million, what net income would be generated using the sales mix in number (4) above? 6. What sales revenue would be required if the firm wishes to generate a net income of P328,900 if the original mix of 3:1 prevailed?
Please help me with correct answer thanku
Please do not give solution in image format thanku
PROBLEM SOLVING 1. ABC Mfg. Co. buy and sells its lone product on which the following data are given: Sales volume per annum Unit selling price Production cost per unit: Direct materials Direct labor Variable factory overhead Fixed factory overhead (P25,000/20,000 units) Variable operating expense per unit Fixed operating expenses (P10,000/20,000 units) P1.00 0.50 a. Should the order be accepted? Why? 25,000 units P10.00 P3.50 2.50 2.00 1.25 A special order is received for P2,000 units from a remote market at P7.90, FOB destination. Packing and shipping costs are estimated at P1,200. Decision making: (show computation) b. What is the BEP price or sales cut-off price for the special order?
Please do not give solution in image format thanku