Solution-Calculate the markup on variable costs needed to

Calculate the markup on variable costs needed to achieve a

Reference no: EM131011625

Michael Products Co. has predicted the following costs for this year for 150,000 units:

	Manufacturing	Selling and Administrative
Variable	$400,000	$100,000
Fixed	300,000	150,000
Total	$700,000	$250,000

Calculate the markup on variable costs needed to achieve a target profit of $100,000.

Reference no: EM131011625

Questions Cloud

Scuba-diving trips : The mailing list of an agency that markets scuba-diving trips to the Florida Keys contains 60% males and 40% females. The agency calls 30 people chosen at random from its list.

Estimate the maximum possible error in computing the volume : The edge of a cube was measured to be 6 cm, with a maximum possible error of 0.5 cm. Use a differential to estimate the maximum possible error in computing the volume of the cube.

What is the expected profit : A company finds that its annual profits have dropped from 900 thousand dollars in 2006 to 300 thousand dollars in 2009. If profit follows an exponential decline, what's the expected profit in 2010?

The fixed asset falls into the three-year MACRS class : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.73 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,090,000 in annual sale..

Calculate the markup on variable costs needed to achieve a : Michael Products Co. has predicted the following costs for this year for 150,000 units: Calculate the markup on variable costs needed to achieve a target profit of $100,000.

Arithmatic average return-estimate of the return of asset : You have found an asset with a 12.60 percent arithmatic average return and a 10.24 percent geometric return. Your observation period is 40 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?

The LIBOR zero curve is flat : The LIBOR zero curve is flat at 5% (continuously compounded) out to 1.5 years. Swap rates for 2- and 3-year semiannual pay swaps are 5.4% and 5.6%, respectively. Estimate the LIBOR zero rates for maturities of 2.0, 2.5, and 3.0 years.

A test for esp : In a test for ESP (extrasensory perception), the experimenter looks at cards that are hidden from the subject. Each card contains either a star, a circle, a wave, or a square. As the experimenter looks at each of 20 cards in turn, the subject name..

What is the retailers effective cost of trade credit : A large retailer obtains merchandise under the credit terms of 3/10, net 40, but routinely takes 60 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer's e..

User Account

All Pages

Calculate the markup on variable costs needed to achieve a

Reference no: EM131011625

Reference no: EM131011625

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Nesbitt corporations flexible budget cost formula for

The table below contains data on fincorp inc the balance

Prepare the appropriate journal entries for both lessee

The accrued expenses payable balance on january 1 relates

Alternatives for funding of usd

Determining capital gains on stock

Sandstrom corporation has an extraordinary loss of 150000

Last month peewee company manufactured 20000 units and sold

Use of spreadsheets in accounting information system

During 2012 and 2013 supplies inc drove the truck 15000 and

The computer system requires all users to log on with a

How many equivalent units for conversion costs

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT