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Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expe annual volume of 500,000 units: Direct materials Direct labour Variable manufacturing overhead Per Unit $12 6 15 Total

Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expe annual volume of 500,000 units: Direct materials Direct labour Variable manufacturing overhead Per Unit $12 6 15 Total

FINANCIAL ACCOUNTING
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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ess Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expected annual volume of 500,000 units: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $12 6 15 7 Total $400,000 150,000 The company has a desired ROI of 20%. It has invested assets of $23,600,000.
Transcribed Image Text:ess Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expected annual volume of 500,000 units: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $12 6 15 7 Total $400,000 150,000 The company has a desired ROI of 20%. It has invested assets of $23,600,000.
(a) Your answer is correct. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage eTextbook and Media (b) Your answer is incorrect. Using variable-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage 41.85 % Attempt
Transcribed Image Text:(a) Your answer is correct. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage eTextbook and Media (b) Your answer is incorrect. Using variable-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage 41.85 % Attempt
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