Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000
Fixed factory overhead cost 38,700
fixed selling and administration costs 7,500
variable direct materials cost per unit 4.60
variable direct labor cost per unit 1.88
variable factory overhead cost per unit 1.13
variable selling and administration cost per unit 4.50
The dollar amount of desired profit from the production and sales of the company's product is?
The cost per unit for the production and sale of the company's product is?
Th markuP percentage on total cost for the company's producThe unit selling price for the company's product is?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Identify two accounts that are in good standing
Answers (1)
Passed in 2010, this law requires that firms with 50 or more employees provide health care insurance for their workers or pay a fine if the government must subsidize health care coverage. a. Health Insurance Portability Accountability Act b.
Answers (1)
For small stock dividends, by what amount are retained earnings reduced? A. Par value of the stock B. Par value of the dividend C. Book value of the dividend D. Market value of the dividend
Answers (1)
what happens to your tax liability with proper financial planning? You can___ your tax liability through proper financial planning
Answers (1)
Kay runs a business and her target customer population is the twenty - to forty-five-year-olds. because she wants her employees to be "in tune" with the younger crowd, she requires all of her front staff to quit or retire from her company at the age
Answers (1)
New Questions in Business
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Kyle and lyle want to pool their inheritance money to make a joint investment. they are young and are willing to accept moderate to high risk over a number of years. which combination of investment options best suits their needs?
Answers (1)
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)