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Techcom is designing a new smartphone. Each unit of this new phone will require $248 of direct materials; $28 of direct labor; $41 of variable overhead; $36 of variable selling, general, and administrative costs; $49 of fixed overhead costs; and $28 of fixed selling. general, and administrative costs. 1. Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 2. The company is a price-taker and the expected selling price for this type of phone is $980 per unit. Compute the target cost per unit if the company's target profit is 60% of expected selling price. 3. Compute the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 1. Total cost per unit 2. Markup per unit 3. Selling price per unit Required 3 $ $ 430 774 Required 2 >

Techcom is designing a new smartphone. Each unit of this new phone will require $248 of direct materials; $28 of direct labor; $41 of variable overhead; $36 of variable selling, general, and administrative costs; $49 of fixed overhead costs; and $28 of fixed selling. general, and administrative costs. 1. Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 2. The company is a price-taker and the expected selling price for this type of phone is $980 per unit. Compute the target cost per unit if the company's target profit is 60% of expected selling price. 3. Compute the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 1. Total cost per unit 2. Markup per unit 3. Selling price per unit Required 3 $ $ 430 774 Required 2 >

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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please answer all three requirements thanku

Techcom is designing a new smartphone. Each unit of this new phone will require $248 of direct materials; $28 of direct labor; $41 of variable overhead; $36 of variable selling, general, and administrative costs; $49 of fixed overhead costs; and $28 of fixed selling. general, and administrative costs. 1. Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 2. The company is a price-taker and the expected selling price for this type of phone is $980 per unit. Compute the target cost per unit if the company's target profit is 60% of expected selling price. 3. Compute the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 1. Total cost per unit 2. Markup per unit 3. Selling price per unit $ $ 430 774 Required 2 >
Transcribed Image Text:Techcom is designing a new smartphone. Each unit of this new phone will require $248 of direct materials; $28 of direct labor; $41 of variable overhead; $36 of variable selling, general, and administrative costs; $49 of fixed overhead costs; and $28 of fixed selling. general, and administrative costs. 1. Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 2. The company is a price-taker and the expected selling price for this type of phone is $980 per unit. Compute the target cost per unit if the company's target profit is 60% of expected selling price. 3. Compute the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the selling price per unit if the company uses the total cost method and plans a markup of 180% of total costs. 1. Total cost per unit 2. Markup per unit 3. Selling price per unit $ $ 430 774 Required 2 >
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