Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 21,000 units follow. The company targets a profit of $301,000 on this product Varilable Costs per Ut Direct materials Direct labor Overhead $ 71 41 26 Selling. general and adeinistrative 16 Fixed Costs (total)Y Overhead Selling, general and adeinistrative $ 671,000 592,000 1. Compute the total variable cost and the markup percentage. 2 Compute the dollar markup per unit on variable cost 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) Total variable costs 1. Markup percentage 2 Markup per unit 3. Selling price per unit
Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 21,000 units follow. The company targets a profit of $301,000 on this product Varilable Costs per Ut Direct materials Direct labor Overhead $ 71 41 26 Selling. general and adeinistrative 16 Fixed Costs (total)Y Overhead Selling, general and adeinistrative $ 671,000 592,000 1. Compute the total variable cost and the markup percentage. 2 Compute the dollar markup per unit on variable cost 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) Total variable costs 1. Markup percentage 2 Markup per unit 3. Selling price per unit
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...
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