Mallard Corporation uses the product cost method of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% 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 markup percentage on product cost for the company's product is

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Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A: Selling price = Total cost + Mark up

Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

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Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A:

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A:

Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

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Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A: Fixed Factory overhead cost =$82,000 Total units sold = 45,000 Thus, Fixed Factory overhead cost per…

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A: Total Cost for 10,000 product = Average cost per unit * 10,000

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Manufacturing cost means the cost incurred to produce the finished goods in factory. Fixed…

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A: Variable cost will vary with the level of output whereas fixed cost remain fixed whatever may be the…

Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A: The desired profit is calculated as required rate of return on invested assets.

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A:

Q: Unit   Total Direct materials $ 15     $ 690,000   Direct labor   6       276,000   Variable…

A: Solution: Direct materials $15.00 Direct labor $6.00 Variable manufacturing overhead  $3.00…

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A: Desired Net income = $621,000 * 21% Desired Net income = $130,410

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Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A: Workings notes:

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

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A: Desired profit = Invested assets x Desired rate of return

Q: Mallard Corporation uses the product cost concept of product pricing. Below is the cost information…

A: Production Cost:   It refers to the cost incurred for the manufacturing of the product. It includes…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

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A: Cost per unit = Total cost / Units

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A: Profit refers to the income of the owner which is earned by the market production process. It a form…

Q: Mallard Corporation uses the product cost concept of product pricing. Below is cost information for…

A: Fixed factory overhead cost per unit = $82,000 / 45,000 units = $1.82 per unit.

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A: Hi student, Since you have posted a question with multiple subparts, we will solve first three…

Q: Mallard Corporation uses the product cost method of product pricing. Below is cost information for…

A:

Q: Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for…

A: Cost per unit: Total unit cost is the cost incurred by the company to produce one unit of product.…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.