Business, 24.04.2020 16:53 Redeyestudio53
Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor 25 Selling and admin. exp. 140,000 Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream wants a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the amount of desired profit from the production and sale of 10,000 cellular phones. If required, round your answer to nearest dollar. $ b. Determine the product cost and the cost amount per unit for the production of 10,000 cellular phones. If required, round your answer to nearest dollar. $ per unit c. Determine the product cost markup percentage for cellular phones. % d. Determine the selling price of cellular phones. Round to the nearest dollar. Cost $ per unit Markup Selling price $ per unit
Answers: 2
Business, 22.06.2019 20:30
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.
Answers: 3
Business, 23.06.2019 00:00
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricin...
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