Kimmel, Accounting, 7eHelp | System Announcements16 PM/ Remaining: 23 min.CALCULATORPRINTER VERSION1 BACKNEXTProblem 21-01ANational Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this newproduct.PerTotalUnitDirect materialsDirect labor$44Variable manufacturing overhead$15Fixed manufacturing overhead$1,377,000Variable selling and administrative expenses$ 5Fixed selling and administrative expenses$ 1,053,000These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricingmethods to set its target selling price. The markup percentage on total unit cost is 40%.Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16.GMX eyPLUSKimmel, Accounting, 7eHelp | System AnnouncementsTIMERStart Time: 08:16 PM / Remaining:22 min.CANT RESOURCESCh 20 and 2120-03Variable cost per unit%2420-10Fixed cost per unit20-1421-07Total cost per unit21-11 a-b21-01A21-03ACompute the desired ROI per unit for M14-M16.coreasults by StudyDesired ROI$4per unitCompute the target selling price for M14-M16.Target selling price per unit$4Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,750 M14-M16s are produced andVariable cost per unit%24Fixed cost per unitTotal cost per unit

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Description: Kimmel, Accounting, 7eHelp | System Announcements16 PM/ Remaining: 23 min.CALCULATORPRINTER VERSION1 BACKNEXTProblem 21-01ANational Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new

Varible cost are those that remain fixed per unit because such costs are directly associated with…

Business

Accounting

Variable cost per unit %24 Fixed cost per unit Total cost per unit 24 Compute the desired ROI per unit for M14-M16. Desired ROI %24 per unit Compute the target selling price for M14-M16. Target selling price per unit %24 Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 6o,750 M14-M16s are produced and Variable cost per unit %24 Fixed cost per unit Total cost per unit %24

Variable cost per unit %24 Fixed cost per unit Total cost per unit 24 Compute the desired ROI per unit for M14-M16. Desired ROI %24 per unit Compute the target selling price for M14-M16. Target selling price per unit %24 Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 6o,750 M14-M16s are produced and Variable cost per unit %24 Fixed cost per unit Total cost per unit %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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S Kimmel, Accounting, 7e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Total- Unit Direct materials $26 Direct labor $44 Variable manufacturing overhead $15 Fixed manufacturing overhead $1,377,000 Variable selling and administrative expenses $ 5 Fixed selling and administrative expenses $ 1,053,000 These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Variable cost per unit $4 Fixed cost per unit Total cost per unit MacBook Air
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US Kimmel, Accounting, 7e Help | System Announcements CALCULATOR PRINTER VERSION ВАСK NEXT Exercise 21-09 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Loading Charges Time Charges Technicians' wages and benefits $134,400 Parts manager's salary and benefits $34,000 Office employee's salary and benefits 23,520 11,000 Other overhead 15,680 45,000 Total budgeted costs $173,600 $90,000 The company has budgeted for 5,600 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $750,000. Compute the rate charged per hour of labor. (Round answer to 2 decima places, e.g. 10.50.) Labor rate 24 per hour
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