close solutoin list

Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.

BuyFind

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883
BuyFind

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883

Solutions

Chapter
Section
Chapter 12, Problem 12.16E
Textbook Problem

Product cost concept of product pricing
Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing.
a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units.
b.Determine the product cost markup percentage per unit. Round to two decimal place.
c.Determine the selling price per unit. Round to the nearest dollar.

Expert Solution

Want to see this answer and more?

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

See solution

Chapter 12 Solutions

Survey of Accounting (Accounting I)
Show all chapter solutions
Ch. 12 - A company fabricates a component at a cost of...Ch. 12 - Many fast-food restaurant chains, such as...Ch. 12 - In the long run, the normal selling price must...Ch. 12 - Why might the use of ideal standards in applying...Ch. 12 - Although the cost-plus approach to product pricing...Ch. 12 - How docs the target cost concept differ from...Ch. 12 - Under what circumstances is it appropriate to use...Ch. 12 - Lease or sell decision Orwell Industries is...Ch. 12 - Differential analysis report for a discontinued...Ch. 12 - Differential analysis report for a discontinued...Ch. 12 - Segment analysis The Charles Schwab Corporation...Ch. 12 - Decision to discontinue a product On the basis of...Ch. 12 - Make-or-buy decision Watts Technologies Company...Ch. 12 - Make-or-buy decision Wisconsin Arts of Milwaukee...Ch. 12 - Machine replacement decision Creekside Products...Ch. 12 - Differential analysis report for machine...Ch. 12 - Sell or process further St. Paul Lumber Company...Ch. 12 - Sell or process further Bozeman Coffee Company...Ch. 12 - Decision on accepting additional business Madison...Ch. 12 - Accepting business at a special price Palomar...Ch. 12 - Decision on accepting additional business Miramar...Ch. 12 - Total cost concept of product costing Willis...Ch. 12 - Product cost concept of product pricing Based on...Ch. 12 - Variable cost concept of product pricing Based on...Ch. 12 - Target costing Toyota Motor Corporation (TM) uses...Ch. 12 - Differential analysis report involving opportunity...Ch. 12 - Differential analysis report involving opportunity...Ch. 12 - Differential analysis report involving opportunity...Ch. 12 - Differential analysis report for machine...Ch. 12 - Differential analysis report for machine...Ch. 12 - Differential analysis report for sales promotion...Ch. 12 - Differential analysis report for sales promotion...Ch. 12 - Differential analysis report for further...Ch. 12 - Differential analysis report for further...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Product pricing using the cost-plus approach...Ch. 12 - Contribution margin per constraint Zion Metals...Ch. 12 - Contribution margin per constraint Nygard Glass...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contribution margin per constraint Using the data...Ch. 12 - Contributon margin per constraint Chavez Chemical...Ch. 12 - Contributon margin per constraint Chavez Chemical...Ch. 12 - Contributon margin per constraint Chavez Chemical...Ch. 12 - Product pricing Bev Frazier is a cost accountant...Ch. 12 - Decision on accepting additional business A...Ch. 12 - Accept business at a special price If you are not...Ch. 12 - Cost-plus and target costing concepts The...Ch. 12 - Cost-plus and target costing concepts The...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions
What costs should be included when measuring the total cost to acquire a long-term asset?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

Under what conditions are each one of them used?

Foundations of Business (MindTap Course List)

DIVIDEND POLICY Southeastern Steel Company (SSC) was formed 5 years ago to exploit a new continuous casting pro...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Describe service-oriented architecture (SOA).

Pkg Acc Infor Systems MS VISIO CD

How is the amount of a liability measured?

Cornerstones of Financial Accounting