Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,840 cell phones are as follor Variable costs per unit: Fixed costs: Direct materials $76 Factory overhead $199,800 Direct labor 34 Selling and administrative expenses 69,900 Factory overhead 22 Selling and administrative expenses 23 Total variable cost per unit $155 Voice Com desires a profit equal to a 16% rate of return on invested assets of $599,700. a. Determine the amount of desired profit from the production and sale of 4,840 cell phones. 95,952 V b. Determine the product cost per unit for the production of 4,840 of cell phones. Round your answer to the nearest whole dollar. 173.28 X per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 33.05

Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,840 cell phones are as follor Variable costs per unit: Fixed costs: Direct materials $76 Factory overhead $199,800 Direct labor 34 Selling and administrative expenses 69,900 Factory overhead 22 Selling and administrative expenses 23 Total variable cost per unit $155 Voice Com desires a profit equal to a 16% rate of return on invested assets of $599,700. a. Determine the amount of desired profit from the production and sale of 4,840 cell phones. 95,952 V b. Determine the product cost per unit for the production of 4,840 of cell phones. Round your answer to the nearest whole dollar. 173.28 X per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 33.05

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 17E: Product cost method of product costing Smart Stream Inc. uses the product cost method of applying...

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Total cost method of product pricing Based on the data presented in Exercise 17, assume that Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. A. Determine the total costs and the total cost amount per unit for the production and sale of 10,000 cellular phones. B. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. C. Determine the selling price of cellular phones. (Round markup to the nearest dollar.)
Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,580 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $79 Factory overhead $201,200 Direct labor 31 Selling and administrative expenses 68,500 Factory overhead 24 Selling and administrative expenses 19 Total variable cost per unit $153 Voice Com desires a profit equal to a 16% rate of return on invested assets of $601,800. a. Determine the amount of desired profit from the production and sale of 4,580 cell phones. b. Determine the product cost per unit for the production of 4,580 of cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost per unit Markup per…
Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,440 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $67 Factory overhead $199,800 Direct labor 40 Selling and administrative expenses 69,600 Factory overhead 22 Selling and administrative expenses 22 Total variable cost per unit $151 Voice Com desires a profit equal to a 13% rate of return on invested assets of $601,300. a. Determine the amount of desired profit from the production and sale of 5,440 cell phones.$fill in the blank 1 b. Determine the product cost per unit for the production of 5,440 of cell phones. Round your answer to the nearest whole dollar.$fill in the blank 2 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places.fill in the…
Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,390 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit Voice Com desires a profit equal to a 15% rate of return on invested assets of $600,200. a. Determine the amount of desired profit from the production and sale of 5,390 cell phones. $90 38 27 19 Markup Selling price $174 Fixed costs: Factory overhead Selling and administrative expenses b. Determine the product cost per unit for the production of 5,390 of cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost per unit per…
Variable Cost Method of Product Pricing Smart Stream Inc. uses the variable cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit $150 Total variable costs 25 40 Variable cost amount per unit 25 $240 Fixed costs: Factory overhead Selling and admin. exp. Smart Stream desires a profit equal to a 30% return on invested assets of $1,200,000. $350,000 140,000 a. Determine the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones. b. Determine the variable cost markup percentage for cellular phones. Round to two decimal places. % c. Determine the selling price of cellular phones. If required, round to the nearest dollar. per cellular phone
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eBook Show Me How Print Item Product Cost Concept of Product Costing Voice Com Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,090 cellular phones are as follows: Variable costs: Fixed costs: Direct materials $86 per unit Factory overhead $201,400 Direct labor 38 Selling and administrative expenses 68,900 Factory overhead 23 Selling and administrative expenses 22 Total $169 per unit Voice Com wants a profit equal to a 16% rate of return on invested assets of $599,700. a. Determine the amount of desired profit from the production and sale of 5,090 cellular phones.$fill in the blank 1 b. Determine the product cost and the cost amount per unit for the production of 5,090 cellular phones. If required, round your answer to nearest dollar.$fill in the blank 2 per unit c. Determine the product cost markup percentage (rounded to two decimal…
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Cost Relationships The following costs are for Optical View Inc., a contact lens manufacturer:Output in Units Fixed Costs Variable Costs Total Costs250 $4,750 $ 7,500 $12,250 300 4,750 9,000 13,750350 4,750 10,500 15,250400 4,750 12,000 16,750Required1. Calculate and graph total costs, total variable cost, and total fixed cost.2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost.3. Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unitfixed cost, and discuss the behavior of the per-unit costs over the given output levels.
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Question Content Area Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: Variable costs per unit: Direct materials $ 7.00 Direct labor 3.50 Factory overhead 1.50 Selling and administrative expenses 3.00 Total $15.00 Fixed costs: Line Item Description Amount Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. c. Determine the markup percentage for Product T. Round your answer to one decimal place.fill in the blank 1 of 1%