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RUDIKE [14]
3 years ago
7

Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $17, direct lab

or $6, variable manufacturing overhead $3, fixed manufacturing overhead $19, variable selling and administrative expenses $1, and fixed selling and administrative expenses $13. Using a 30% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)
Business
1 answer:
Mars2501 [29]3 years ago
8 0

Answer:

the target selling price is $76.70

Explanation:

The computation of the target selling price is shown below:

= Total cost + 1 × markup percentage

= ($17 + $6 + $3 + $19 + $1  + $13)  × (1.30)

= $76.70

hence, the target selling price is $76.70

We simply applied the above formula so that the target selling price could be determined

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Answer:

B) 280,000; 200,000

Explanation:

Assets = Liabilities + Shareholder Equity

Assets:

Cash                              $50,000

Accounts receivable    $80,000

Inventory                     $100,000

Gross P&E                   $730,000

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Accounts payable         $12,000

Notes payable              $50,000

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Equity = $830,000 - $280,000 = $550,000

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