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postnew [5]
3 years ago
11

Landau Gears provides the following cost information related to its production of its primary product: Per Unit Variable manufac

turing cost $12 Fixed manufacturing cost 8 Variable selling and administrative expenses 2 Fixed selling and administrative expenses 3 Desired ROI per unit 7 What is the markup percentage assuming that Landau Gears uses absorption costing? a. 60% b. 35% c. 100% d. 28%
Business
1 answer:
galben [10]3 years ago
4 0

Answer:

The Mark Up % for Landau Gears (using absorption costing) = 28%

Explanation:

Landau Gears

Variable Manufacturing cost Per unit = $12

Fixed Manufacturing cost Per unit = $8

Variable Selling & Admin cost Per unit = $2

Variable Selling & Admin cost Per unit = $3

Desired ROI Per unit = $7

Calculate Mark-Up %

ROI = Sales minus Invested Fund (Cost of operations)

where ROI = $7/unit

$7 = Sales minus ($12 + $8 + $2 + $3)

$7 = Sales minus $25

Make Sales the subject of formula

Sales = $25 + $7 = $32

Mark Up = 7/25 x 100% = 28%

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Marigold Corp. reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactu
Stels [109]

Answer:

=$854,000

Explanation:

The cost of goods sold is the expense incurred by a manufacturing firm when making goods to be sold to customers. It is calculated using the formula.

Cost of goods sold = Beginning Stock plus purchases/ cost of goods manufactured minus  ending stock

Marigold Corp:

Beginning stock: $162,000

Ending stock: $174,000

cost of goods manufactured, $866000;

cost of goods sold =

$162,000 + 866,000 -$174,000

=$854,000

7 0
3 years ago
Which of the following statements is FALSE?A) As the enterprise value represents the entire value of a firm before the firm pays
hammer [34]

Answer:

The false statement is letter "A": As the enterprise value represents the entire value of a firm before the firm pays its debt, to form an appropriate multiple, we divide it by a measure of earnings or cash flows after interest payments are made.

Explanation:

Indeed, the value of a firm represents its value before deducting what the company owes. Though, in order to calculate the correct multiple, specialists tend to divide the debt by a measure of income or cash flows before interest payments go through.

6 0
3 years ago
Markup represents an amount needed to cover operating expenses. <br> a. True<br> b. False
Illusion [34]
Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.
8 0
3 years ago
Select all that apply Workplace diversity benefits:
padilas [110]
Workplace diversity benefits the employers

According to data, employers who have a wide diversity in their employees tend to :
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- increased productivity
- and a more positive company image in the eyes of society
3 0
3 years ago
Read 2 more answers
What channel intermediary does not take title to products, but instead brings a seller and buyer together?.
kondaur [170]

Answer:

It would be the agent by definition.

4 0
2 years ago
Read 2 more answers
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