Solve this general accounting question please answer do fast Schuman Corporation produces microwave units. The following per-unit costinformation is available:Direct materials$38Direct labor$25Variable manufacturing overhead$20Fixed manufacturing overhead$42Variable selling and administrative expenses $16Fixed selling and administrative expenses$30Its desired ROI per unit is $30.96. Calculate the markup percentage using variable-cost pricing.

Step 1: Define MarkupThe phrases "markup" and "means of looking at a corporate profit" are similarly…

Answered: Schuman Corporation produces microwave…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...

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Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
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Kimball Company has developed the following cost formulas: Material usage: Ym = $80X; r = 0.95 Labor usage (direct): Yl = $21X; r = 0.96 Overhead activity: Yo = $358,000 + $100X; r = 0.72 Selling activity: Ys = $46,000 + $14X; r = 0.93 where X = Direct labor hours The company has a policy of producing on demand and keeps very little, if any, finished goods inventory (thus, units produced equals units sold). Each unit uses one direct labor hour for production. The president of Kimball Company has recently implemented a policy that any special orders will be accepted if they cover the costs that the orders cause. This policy was implemented because Kimball's industry is in a recession and the company is producing well below capacity (and expects to continue doing so for the coming year). The president is willing to accept orders that minimally cover their variable costs so that the company can keep its employees and avoid layoffs. Also, any orders above variable costs will increase…
Kesterson Corporation has provided the following information: Cost per Cost per Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Unit Period $ 6.20 $ 3.10 $ 1.35 $ 14,000 $ 1.50 $ 0.40 $ 4,500 If the selling price is $21.90 per unit, the contribution margin per unit sold is closest to: Multiple Choice $9.35 $12.60 $8.45 $5.65
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.65 Direct labor $ 3.70 Variable manufacturing overhead $ 1.45 Fixed manufacturing overhead $ 25,900 Sales commissions $ 0.65 Variable administrative expense $ 0.70 Fixed selling and administrative expense $ 4,800 If the selling price is $20.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice $4.25 $6.30 $7.55 $10.35
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $17, direct labor $20, variable manufacturing overhead $11, fixed manufacturing overhead $32, variable selling and administrative expenses $12, and fixed selling and administrative expenses $14. The company's ROI per unit is $26. (a) X Your answer is incorrect. Compute Rap Corporation's markup percentage using absorption-cost pricing. Absorption-cost pricing markup percentage 50 %
The following costs are for Optical View Incorporated, a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $ 7,500 $ 12,250 300 4,750 9,000 13,750 350 4,750 10,500 15,250 400 4,750 12,000 16,750 Required: 2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (IMAGE ATTACHED) 3. Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (Use the line tool to draw the per-unit total cost, per-unit variable cost, and per-unit fixed cost. To earn full credit for this graph you must plot all required points for each curve. While plotting the points a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed.)
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $ 3.10 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 14,000 Sales commissions $ 1.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 4,500 If the selling price is $21.90 per unit, the contribution margin per unit sold is closest to: Multiple Choice A. $9.35 B. $12.60 C. $8.45 D. $5.65
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Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor $ 4.20 Variable manufacturing overhead $ 1.55 Fixed manufacturing overhead $ 23,500 Sales commissions $ 1.15 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 7,900 If the selling price is $27.20 per unit, the contribution margin per unit sold is closest to: Multiple Choice $12.85 $10.27 $7.18 $15.95

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