Answer:
$7.57
Explanation:
Return on investment (ROI) = Net profit/Investment = 14%
Net profit/$1,300,000 = 14%
Net profit = $1,300,000 × 14% = $182,000
Total costs = Variable costs + Fixed costs = $125,000 + $450,000 = $575,000
Total revenue = Total costs + Net profit = $575,000 + $182,000 = $757,000
Target selling price = Total revenue/Units produced and sold = $757,000/100,000 = $7.57
$2.85 is the standard fixed manufacturing overhead cost per gadget
<h3>What is
manufacturing ?</h3>
Manufacturing is the process of creating or producing goods using equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the economy's secondary sector.
The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.
A wide range of complex chemical or biological processes are used in the production of API. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.
To know more about manufacturing follow the link:
brainly.com/question/26320301
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Answer:
70.3%
Explanation:
Current period cost-to-retail percentage is:
- Beginning inventory $70,000 $107,000
- Plus: Net Purchases $302,290 $450,000
- Plus: Net markups $23,000
- Less: Net markdowns ($43,000)
Goods available for sale (excluding beginning inv.) $302,290 $430,000
Goods available for sale (including beginning inv.) $372,290 $537,000
Cost-to-retail percentage = $302,290 / $430,000 = 70.3%
The correct answer is a/true because I go to the bank
