If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Help me
Q: A computer consulting company uses job costing system and has a pre-determined overhead rate of $24…
A: Concept of Direct Labor CostThe direct labor cost is the expense incurred for wages paid to workers…
Q: Litan Corp. has $450,000 of assets, and it uses only common equity capital (zero debt). Its sales…
A: The question requires the determination of the profit margin. Profit margin is a general measure of…
Q: Don't use ai given answer accounting questions
A: To calculate the pension expense for Wilson Manufacturing in 2024, we use the pension expense…
Q: General Account
A: The coefficient of variation (CV) is a statistical measure that compares the standard deviation of…
Q: The company sells 4200 units, what will net income be?
A: Step 1: Unit contribution margin Unit contribution margin = Selling price per unit - Variable cost…
Q: What is the ending inventory? ?
A: Step 1: Define Ending Inventory in a Perpetual Inventory SystemIn a perpetual inventory system,…
Q: hi expert please help me answer
A: Step 1: Identify the formula for Stock PriceStep 2: Extract the given dataStep 3: Plug the values…
Q: Financial Accounting
A: Step 1: Definition of Overhead AppliedOverhead Applied refers to the amount of estimated overhead…
Q: A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin…
A: Key Concepts:1) Return on Equity (ROE) measures profitability relative to shareholders' equity2)…
Q: In 2011, It cost Parley Corp. $9 per unit to produce part T5. In 2012, it has increased to $12 per…
A: The Make-or-buy decision involves comparing the cost of manufacturing a part internally versus…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: To determine the number of shares outstanding after the debt issuance and share repurchase, follow…
Q: abc general accounting
A: Step 1: Definition of Equivalent Units of ProductionEquivalent units of production (EUP) is a…
Q: choose best answer me
A: Step 1: Definition of DepreciationDepreciation is the allocation of the cost of a fixed asset over…
Q: What is the net operating income of this financial accounting question?
A: Step 1: Define Net Operating Income (NOI)Net Operating Income (NOI) measures a company's operating…
Q: Rolles Company has a contribution margin ratio of 27%. The company is considering a proposal that…
A: Concept of Contribution MarginThe contribution margin represents the portion of sales revenue that…
Q: What is its average inventory of this financial accounting question?
A: Step 1: Define Inventory Turnover RatioThe Inventory Turnover Ratio is a financial metric that…
Q: Crowd Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs…
A: Detailed explanation:Estimated overhead, $123,500Direct labor costs, $138,000Actual overhead,…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: ABC, an all-equity firm, currently has 44,200 shares outstanding, each priced at $14.70, resulting…
Q: Direct materials price variance give me solution
A: Step 1: Definition of Direct Material Price VarianceDirect Material Price Variance measures the…
Q: correct answer please
A: Step 1: Definition of Accounts Receivable ManagementAccounts receivable management refers to the…
Q: correct answer is financial accounting
A: Step 1: Recall the general format of an income statement.Utilizing the given accounts in the…
Q: Financial accounting 2.0
A: Explanation of Return on Equity (ROE):Return on Equity (ROE) is a financial ratio that measures a…
Q: Provide Right answer
A: Concept of Contribution Margin RatioThe contribution margin ratio represents the percentage of sales…
Q: Fixed expenses:140000, variable expenses:720000
A: Explanation of Contribution Margin: Contribution margin represents the difference between sales…
Q: Answer? ? General Accounting
A: To calculate the Dividend Yield, we use the formula: Dividend Yield =(Annual Dividend per Share /…
Q: Timberline Services Company, a division of a major energy company, provides various services to the…
A: Explanation of Sales: Sales (also called revenue) represents the total amount of money generated…
Q: ?!
A: Concept of Standard Direct Labor HoursStandard direct labor hours refer to the pre-determined amount…
Q: Option? ? General Accounting
A: Step 1: Define High-Low MethodThe High-Low Method is used to estimate fixed and variable costs by…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: Step 1: Calculate the Total Market Value of the FirmStep 2: Calculate the Amount of Debt IssuedStep…
Q: What is the net income for the year?
A: Explanation of Net Income:Net income is the total earnings of a business after deducting all…
Q: Interest earned ratio for the year? Accounting
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: not use ai solution given answer General accounting
A: Step 1: DefinitionWorking Capital measures a company's short-term liquidity and is calculated as the…
Q: financial accounting an
A: Step 1: Definition of Balance SheetA balance sheet is one of the financial statements in a business.…
Q: What was Parma's gross profit
A: Concept of Sales RevenueSales revenue represents the total amount of money a company earns from…
Q: cash flow for this project answer
A: Step 1: Given Value for Calculation Current market value of lot = $725,000 Building cost =…
Q: general accounting fina
A: Step 1: Definition of Dupont AnalysisThe Dupont analysis is a significant study in management…
Q: What is the variance percentage?
A: So, the variance percentage is 5.56%.
Q: Financial accounting
A: Step 1: Information givenAdjusted basis = $35,000We will not consider the original cost of machinery…
Q: Provide solution this financial accounting question
A: Step 1: Define Marginal Tax RateThe marginal tax rate is the tax rate applied to the next dollar of…
Q: Financial accounting
A: Step 1: DefinitionDiscounting a Note Receivable is the process of selling a note to a bank before…
Q: find operating cash floe.
A: To calculate the Operating Cash Flow (OCF), we can use the formula: OCF= EBIT + Depreciation −Taxes…
Q: What is atlas corporations net income for april?
A: Step 1: Define Net Income - Enhanced Definition Net income, also known as the "bottom line" or "net…
Q: the contribution margin per unit would be
A: Step 1: Definition of Contribution MarginThe contribution margin per unit is the amount remaining…
Q: The cost to manufacture an unfinished unit is
A: Finished unit price = 198Unfinished unit price = 155Increase in price = Finished unit price -…
Q: What are the total manufacturing costs for fenix publishing?
A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs include all costs incurred…
Q: One company had a stock price
A: The price/earnings (P/E) ratio is calculated using the formula:P/E=Stock Price/Earnings Per Share…
Q: Please find the answer
A: To solve this problem, we need to understand the concept of operating leverage and how it relates to…
Q: Need answer
A: The variance percentage is a measure used to compare the difference between an actual value and a…
Q: Provide correct answer general Accounting question
A: Step 1: DefinitionContribution Margin (CM) is the amount remaining from sales revenue after…
Q: Financial Accounting
A: Step 1: Information givenP/E Ratio of Everett Industries = 15.3EPS of Stanton Corp. = $3.42Step 2:…
If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Help me
Step by step
Solved in 2 steps
- If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accurate answerWhat is the target costIf the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Answer
- If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accounting questionIf the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost?A company operates in a competitive marketplace. They look to the market to determine their selling price. It looks like the market will bear a price of $438. The company has a goal of earning 10% return on sales on each unit. What would their target cost be? Round your answer to the nearest whole dollar.
- What is the amount of sales that will be necessary to earn the desired profit?Raju is in a competitive product market. The expected selling price is $88 per unit, and Raju's target profit is 25% of selling price. Using the target cost method, what is the highest Raju's cost per unit can be? (Round your answer to 2 decimal places.) Target cost1. What would be the BEP in units sales if the company decides to:Increase the sales price from $100 to $105 by spending annually $5000 for advertisement? 2. What would be the BEP in units sales if the company decides to: Increase the sales price from $100 to $105 and cutting the fixed salary of the salespeople by $15000 and instead provides them $10 per unit commission? 3. Which one of the following options provides better units BEP for the company? Option A: Increase the sales price from $100 to $105 by spending annually $5000 for advertisement OptionB: Increase the sales price from $100 to $105 and cutting the fixed salary of the salespeople by $15000 and instead provides them $10 per unit commission. a) option A b) option B c) both options are same d) None of the options
- The smith company management would like to know the total sales units that are required for the company to earn a profit of $ 150000. The following data are available. The unit selling price of $50, variable cost per unit $25. Total fixed cost of $ 500000. Find Profit in order for the Manufacturer to break even. How many units must be sold in order for the Manufacturer to break even?What is the gross profit? Please given solutionFlyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer's management desires a 12.5% profit margin on sales. Its current full cost for the product is $44 per unit.If the company cannot cut costs any lower than they already are, what would the profit margin on sales be to meet the market selling price?