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Green Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute the markup percentage using absorption cost pricing. (Round answer to 0 decimal places, e.g. 10.) Last year's financial data from Campbell Corporation is shown below: Sales Cost of goods sold $ 2,80,000 $1,26,000 Dividends declared and paid $ 15,000 Interest expense $ 17,500 Operating expenses $ 39,500 The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales?

Green Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute the markup percentage using absorption cost pricing. (Round answer to 0 decimal places, e.g. 10.) Last year's financial data from Campbell Corporation is shown below: Sales Cost of goods sold $ 2,80,000 $1,26,000 Dividends declared and paid $ 15,000 Interest expense $ 17,500 Operating expenses $ 39,500 The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...
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Green Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute the markup percentage using absorption cost pricing. (Round answer to 0 decimal places, e.g. 10.) Last year's financial data from Campbell Corporation is shown below: Sales Cost of goods sold $ 2,80,000 $1,26,000 Dividends declared and paid $ 15,000 Interest expense $ 17,500 Operating expenses $ 39,500 The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales?
Transcribed Image Text:Green Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute the markup percentage using absorption cost pricing. (Round answer to 0 decimal places, e.g. 10.) Last year's financial data from Campbell Corporation is shown below: Sales Cost of goods sold $ 2,80,000 $1,26,000 Dividends declared and paid $ 15,000 Interest expense $ 17,500 Operating expenses $ 39,500 The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales?
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