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prohojiy [21]
3 years ago
5

Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is ava

ilable for Schopp Corporation's anticipated annual volume of 544,000 units.
Per Unit Total
Direct materials $6.87
Direct labor $10.77
Variable manufacturing overhead $15.00
Fixed manufacturing overhead $3,318,400
Variable selling and administrative expenses $14.04
Fixed selling and administrative expenses $1,626,560

The company has a desired ROI of 23%. It has invested assets of $27,351,000.

Required:
a. Compute the total cost per unit
b. Desired ROI
c. Markup percentage using target cost
Business
1 answer:
babymother [125]3 years ago
4 0

Answer:

a)Total cost per unit  =$41.729

b)ROI = $6,290,730.

c) Mark-up = 27.7%

Explanation:

a)

The total cost per unit = variable cost + fixed cost per unit

Fixed cost unit = ($3,318,400 +$1,626,560)/544,000 units

                       = 9.089

Total cost per unit = 6.87+10.77+15 +9.089

=$41.729

b)

Desired ROI =  23%. ×  27,351,000=  $6,290,730.

c)

Mark-up

Mark-up is profit/target cost cost

Profit per unit = $6,290,730./544,000 units

                       =   11.56   =

Mark-up = (11.56/41.729) × 100 = 27.7%

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If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.

Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.

To calculate the unit selling price use the formula

Unit selling price = contribution margin / contribution margin ratio

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Therefore option d) $160 is the correct answer

The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.

Learn more about the Contribution margin here brainly.com/question/24881206

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Answer:

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