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t labor ead mg, general and administrative Fixed Costs (total) ead ng, general and administrative $692 63 ute the total variable cost and the markup pero oute the dollar markup per unit on variable cost oute the selling price per unit. requirements, round your final answers to the

t labor ead mg, general and administrative Fixed Costs (total) ead ng, general and administrative $692 63 ute the total variable cost and the markup pero oute the dollar markup per unit on variable cost oute the selling price per unit. requirements, round your final answers to the

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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Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 42,000 units follow. The company targets a profit of $322,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling, general and administrative Fixed Costs (total) Overhead Selling, general and administrative $ 92 62 47 37 1. Compute the total variable cost and the markup percentage. 2. Compute the dollar markup per unit on variable cost. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) 1. Total variable costs S 1. Markup percentage 2. Markup per unit 3. Selling price per unit $692,000 634,000 Answer is complete but not entirely correct. 238 16 39 277✔ $ S
Transcribed Image Text:Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 42,000 units follow. The company targets a profit of $322,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling, general and administrative Fixed Costs (total) Overhead Selling, general and administrative $ 92 62 47 37 1. Compute the total variable cost and the markup percentage. 2. Compute the dollar markup per unit on variable cost. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) 1. Total variable costs S 1. Markup percentage 2. Markup per unit 3. Selling price per unit $692,000 634,000 Answer is complete but not entirely correct. 238 16 39 277✔ $ S
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