Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $24, fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $10 and has invested assets of $360,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage %

Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $24, fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $10 and has invested assets of $360,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Alpesh
Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $22, fixed manufacturing overhead $6, variable selling and administrative expenses $2, and fixed selling and administrative expenses $3. The company has a desired ROI per unit of $9 and has invested assets of $395,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Variable-cost pricing markup percentage %
Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $25, fixed manufacturing overhead $5, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $8 and has invested assets of $405,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage %
Fixed manufacturing costs are $40 per unit, and variable manufacturing costs are $120 per unit. Production was 113,000 units, while sales were 108,480 units. a. Determine whether variable costing operating income is less than or greater than absorption costing operating income. b. Determine the difference in variable costing and absorption costing operating income.
Denjar
Sooner Industries charges a price of $88 and has fixed cost of $301,000. Next year, Sooner expects to sell 15,600 units and make operating income of $172,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.
A firm manufactures a product that sells for $25 per unit. Variable cost per unit is $2 and fixed cost per period is $1840. Capacity per period is 2000 units. (a) Develop an algebraic statement for the revenue function and the cost function. (b) Determine the number of units required to be sold to break even. (c) Compute the break-even point as a percent of capacity. (d) Compute the break-even point in sales dollars.
Hanshaben
Li Company has a unit selling price of $150, unit variable costs of $45, and total fixed costs of $47,200. How much sales revenue must Li Company generate to achieve net income of $27,700. Sales revenue needed to achieve target net income $
Willie Company sells 30,000 units at $29 per unit. Variable costs are $20.30 per unit, and fixed costs are $138,300. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
Harry Company sells 15,000 units at $44 per unit. Variable costs are $30.36 per unit, and fixed costs are $63,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
United Merchants Company sells 20,000 units at $27 per unit. Variable costs are $16.20 per unit, and fixed costs are $108,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3