User Account

All Pages

Calculate the budgeted selling price per joystick

Assignment Help Accounting Basics
Reference no: EM132103774

Question - Game Corp produces and sells joysticks for the gaming market. The following unit cost information assumes a production and sales volume of 24,000 units per year cost per joystick -

Direct materials - 15

Direct labor - 23

Variable manufacturing overhead - 10

Fixed manufacturing overhead - 2

Variable selling and administrative costs - 2

Fixed selling and administrative costs - 8

(a) Compute the company's total yearly fixed costs

(b) Calculate the budgeted selling price per joystick assuming that the company uses a cost-plus pricing strategy and a profit markup equal to 30% of Total manufacturing cost per unit.

(c) Using the selling price per joystick calculated in part (b), calculate the company's contribution margin per unit

(d) Using the selling price you calculated in pat (b), calculate the company's breakeven point in units and sales dollars.

(e) Estimate the company's profit in dollars if it sells 19,000 joysticks.

Reference no: EM132103774

Questions Cloud

What are gross purchases : If Purchases Returns and Allowances are $10,000 and Purchases Discounts are $1,500, what are gross purchases
Identify the three sources of threats : Did his or her advocacy invoke a change and/or influence others? Discuss why or why not.
What is the required rate of return for the stock : A stock has a Beta of 1.25. What is the required rate of return for the stock if the market risk premium is 8% and risk free rate
What interest rate would you expect to pay on the issue : If the 10 year maturity premium is 0.4%, what interest rate would you expect to pay on the issue?
Calculate the budgeted selling price per joystick : Game Corp produces and sells joysticks for the gaming market. Calculate the budgeted selling price per joystick
Firm price to earnings : What should the firm's price-to- earnings (P/E) ratio be if the required rate of return on stocks of this type is 15 percent?
What is the intrinsic value of a company stock : What is the intrinsic value of a company's stock if next year's expected dividend is projected to be 5 percent greater than today's $1 dividend?
What was the amount of retained earnings : The common stock was sold at a price of $27 per share. What was the amount of retained earnings at the beginning of the year
Determine the amount and the adjusting entry : At the end of the current year, Accounts Receivable has a balance of $325,000; Determine (a) the amount and the adjusting entry for uncollectible accounts

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