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

  Company manufactures soda cans a unit of production is a

company manufactures soda cans. a unit of production is a case of 12 dozen cans. the following standards per case

  Cash increased by 200 investing activities generated 300

assets are 800 and liabilities are 200.revenues were 1500 expenses were 700 and gains were 100.cash increased by 200.

  What is the standard cost of producing a wheel

The standard cost of a hub, spoke and rim kit is $50, but the actual cost of a hub, spoke and rim kit was $65. What is the standard cost of producing a wheel

  Electronics unlimited uses activity-based costing to

electronics unlimited uses activity-based costing to allocate all manufacturing conversion costs. electronics unlimited

  Compute each company debt to assets ratio

Compute each company's debt to assets ratio, current ratio, and times interest earned (EBIT must be computed). Identify the company with the greater financial risk.

  Company changed its method of valuing inventory

1.In 2013, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method.

  Prepare the necessary journal entries to admit moore

Prepare the necessary journal entries to admit Moore in each of the following independent conditions. If the information is such that both the bonus and goodwill methods are appropriate, record the admission using both methods.

  Prepare a single-step income statement

Prepare a single-step income statement for 2018 and a classified balance sheet at December 31, 2018, assuming

  What is evans basis in the grand stock and notes

What are the amounts and character of Evan's recognized gains and losses? What is Evans basis in the grand stock and notes

  Determine the depreciation expense

On January 1, 2011, Slade Inc. purchased a machine for $90,000. Required: Determine the depreciation expense for 2013

  Activity-based costing in service industries

Research a U.S. company in the service industry with e-commerce activities. Write a five to six (5-6) page paper in which you:

  What is the amount of owners equity at the end of the year

If total assets increased $150,000 during the year and the total liabilities decreased $80,000, what is the amount of owners equity at the end of the year?

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