Please do not give solution in image format thanku Heedy Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is availablefrom the accounting department based on a budgeted volume of 100,000 units.4Per UnitDirect materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadVariable selling and administrative expenses $25Fixed selling and administrative expenses$30$35$30Total$250,000$100,000Heedy Manufacturing management requests the total cost per unit be used in cost-plus pricing its products. In addition, managementrequests that the target price be set to provide a 30% return on investment on invested assets of $1,500,000.hp Your Answer Correct AnswerYour answer is correct.Compute the markup percentage and target selling price that will allow Heedy Manufacturing to earn a 30% return oninvestment. (Round your answers to 2 decimal places, eg 10.50.)Markup percentageTarget selling price $eTextbook and Media(b)Assume that the budgeted volume is 90,000 units and the invested assets for this product are $1,200,000 instead. Compute themarkup percentage and target selling price for Heedy Manufacturing to earn a 30% return on investment. (Round answers to 2decimal places, eg. 10.50% or 10.50)Markup percentageTarget selling price$eTextbook and MediaSave for LaterAttempts: 2 of 2 usedAttempts: 0 of 2 usedSubmit Answer

In order to determine the target selling price per unit, the total cost per unit is required to be…

Heedy Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $30 $35 $30 $25 Total $250,000 $100,000 Heedy Manufacturing management requests the total cost per unit be used in cost-plus pricing its products. In addition, management requests that the target price be set to provide a 30% return on investment on invested assets of $1,500,000.

Heedy Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $30 $35 $30 $25 Total $250,000 $100,000 Heedy Manufacturing management requests the total cost per unit be used in cost-plus pricing its products. In addition, management requests that the target price be set to provide a 30% return on investment on invested assets of $1,500,000.

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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