Please do not give solution in image format thanku Additional Exercise 165Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following data relate to this product for abudgeted volume of 60,000 units.Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadVariable selling and administrative expensesFixed selling and administrative expensesPer Unit$304010Desired ROI per unitCompute target selling price for the new product.Target selling price6Total$1,800,000Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30%.Compute total variable cost per unit, total fixed cost per unit, and total cost per unit for the new productTotal variable cost per unitTotal fixed cost per unitTotal cost per unitCompute desired ROI per unit for the new product.1,440,000

Lets understand the basics.Costs are mainly divided into two types which are,(1) Variable cost(2)…

Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following data relate to this product for a budgeted volume of 60,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $30 40 10 6 Total $1,800,000 1,440,000 Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30%.

Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following data relate to this product for a budgeted volume of 60,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $30 40 10 6 Total $1,800,000 1,440,000 Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30%.

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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