User Account

All Pages

Compute the markup percentage on variable cost

Assignment Help Accounting Basics
Reference no: EM132437408

Question - Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 40,000 units follow. The company targets a profit of $320.000 on this product.

 

Variable Costs per Unit

 

Fixed Costs (in total)

Direct materials

$90

Overhead

$690,000

Direct labor

60

Selling

325,000

Overhead

45

Administrative

305,000

Selling

35

 

 

1. Compute the variable cost per unit.

2. Compute the markup percentage on variable cost.

3. Compute the products selling price using the variable cost method.

Reference no: EM132437408

Questions Cloud

Monetary policy affects the global economy : Analyze how U.S. monetary policy affects the global economy. If you were the financial manager of a business,
Describe the social media marketer : List at least two (2) things you have learned about each platform and discuss why you found them interesting and what they mean to as a social media marketer.
Have you witnessed unethical practices in the workplace : Have you witnessed unethical practices in the workplace? Explain how you would have handled this situation differently.
Compare the roles of karma and reincarnation : Compare and contrast the roles and definitions of karma and reincarnation in Hinduism, Jainism, and Sikhism.
Compute the markup percentage on variable cost : Rios Co. makes drones and uses the variable cost approach in setting product prices. Compute the markup percentage on variable cost
What is internet of things and what is the goal : Can you imagine an era when all objects and devices could be controlled over the internet?Describe at least three (3) real world applications of IoT.
What are the differences among essential : What are the differences among essential, nonessential, and conditionally essential amino acids and give examples of each
Compute the working capital and debt to assets ratio : Suppose the 2022 adidas financial statements contain the Following selected data (in millions). Compute the Working capital and Debt to assets ratio
Discuaa about libertarianism vs compatibilism : Discuaa about Libertarianism vs Compatibilism

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd