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rodikova [14]
2 years ago
9

Mallard Corporation uses the product cost concept of product pricing. Below is the cost information for the production and sale

of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit 0.90 The dollar amount of the desired profit from the production and sale of the company's product is
Business
1 answer:
lesya [120]2 years ago
8 0

Answer:

$96,000

Explanation:

The computation of the dollar amount of the desired profit from the production and sale of the company's product is shown below:

= Invested assets × rate of return investment

= $800,000 × 12%

= $96,000

We simply multiply the invested assets by the rate of return investment so that the desired profit could be computed

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Ludmilka [50]

Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.

Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.

<em>I hope this information can help you.</em>

6 0
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Suppose the current market price of corn is $3.75 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3
Aleks04 [339]

Answer:

At 1.783 or more, the conversion yield better gain than sales the corn

Explanation:

The ethanol conversion become attractive if the cost for doing the conversion are lower than the sale revenue for the product.

<u>total cost: raw materials + conversion cost</u>

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conversion cost:  $  1.60

Total cost:            $  5.35

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3 gallons of ethanol per bushel

total cost / output = 5.35/3 = 1.783 cost per gallon

5 0
3 years ago
Wireless Solutions reports operating expenses of $855,000. Operating expenses include both rent expense and salaries expense. Pr
Elena L [17]

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$858,500

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5 0
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Can someone explain what bitcoin is? i don't get it is it illegal? how does it work?
enot [183]

Answer:

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4 0
2 years ago
Read 2 more answers
Suppose there is a product that is being sold in a perfectly competitive market. If the market price of the product falls​, prod
yuradex [85]

Answer:

Decrease; Less

Explanation:

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When the market price of a product falls, the producer surplus will decrease as well.  

The lower market price implies that there will be less area between the supply curve and the market price of the product.

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2 years ago
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