### Compute the cost amount per unit

Assignment Help Managerial Accounting
##### Reference no: EM132607899

Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing. The cost and expenses of producing and selling 50,000 units of Product K are as follows:

Variable costs are:

Direct materials-\$5.00

Direct labor-8.50

Total- \$17.00

Fixed costs are:

Tidewater desires a profit equal to a 10% rate of return on invested assets of \$1,285,000.

Question 1: Determine the amount of desired profit from the production and sale of Product K.

Question 2: Determine the total manufacturing costs and the cost amount per unit for the production and sale of 50,000 units of Product K.

Question 3: Determine the markup percentage for Product K.

Question 4: Determine the selling price of Product K. Round your answer to two decimal places.

#### Questions Cloud

 Find what will be the total budgeted selling : Find what will be the total budgeted selling and administrative expenses for July, If the company has budgeted to sell 25,000 units of Product SW in July Health care delivery settings : Discuss how a visionary leader can best utilize the knowledge of the various health care delivery settings to make a difference in healthcare. Design a schedule showing the cash inflows and outflows : Design a schedule showing the cash inflows and outflows of this fund. How much will Jennifer be able to spend each year? Avoidance of vulnerability in professional relationships : Discuss how the avoidance of vulnerability in professional relationships might hinder attainment of the vision of transforming health care. Compute the cost amount per unit : Tidewater Company, Compute the total manufacturing costs and the cost amount per unit for the production and sale of 50,000 units of Product K. What is the total budgeted factory overhead per unit : The Culver Company is preparing its Manufacturing, If the budgeted production for August is 5,000 units, what is the total budgeted factory overhead per unit? Determining the appropriate down payment : How much must he save each month to get the appropriate down payment? Negotiable certificate of deposit : Assume that you purchase a \$3 million Negotiable Certificate of Deposit (NCD) issued by the Abilene National Bank. What is the size of the haircut in deal : A certain investor has approached you wishing to set up a repurchase agreement for \$15,000,000 for 25 days.

### Write a Review

#### Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

#### Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

#### Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

#### Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

#### Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

#### Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

#### Prepare Company financial statements

Prepare Company financial statements

#### Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

#### Discuss the ethical issues

Discuss the ethical issues

#### Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

#### Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.