Calculate the target cost of the product

Assignment Help Accounting Basics
Reference no: EM13130470

A manufacturer is developing a new board game geared towards children. To be competitive with other board games, the company has set a target price of $25 for the game. The company likes to maintain a target profit equal to 35 percent of the product's cost.

Calculate the target cost of the product.

Reference no: EM13130470

Questions Cloud

Conducting a leadership workshop for college or community : If you are conducting a leadership workshop for  college or local community, how could you use the five individuals to illustrate key points of your presentation?
Explain devise a suitable reaction sequence : Devise a suitable reaction sequence in which each of the following compounds can be prepared from benzene in good yield. Assume ortho and para isomers are separate from one another, and use any other reagents you desire.
Calculate the energy change : Calculate the energy change when one 235U nucleus undergoes the fission reaction 235U + n -> 142Ba + 92Kr + 2 n . The masses needed are 235U : 235.04 u; 142Ba : 141.92 u; 92Kr : 91.92 u; n : 1.0087 u.
Determine probability that single light bulb lasts more : Determine the probability that a single light bulb lasts over 120 hours. (d) Could you use the CLT to approximate the distribution of the total lifetime of these bulbs?
Calculate the target cost of the product : A manufacturer is developing a new board game geared towards children. To be competitive with other board games, the company has set a target price of $25 for the game. The company likes to maintain a target profit equal to 35 percent of the produ..
Determine what is your selling price : Imagine you are President of a company (the company is your choice). Tell us about the product you are selling and which of the four pricing strategies you would use to determine your selling price?
Find the optimal number of facilities : If the optimal number of facilities that minimizes the total logistical cost for a certain supply chain is five, what would be a logical justification for decision makers of this supply chain to build more than five facilities?
Processing costs to refine the basic compound : National expects the market for the new compound variant to be 57,000 gallons initially and determines that processing costs to refine the basic compound into the variant would be $72,800.
What is the ph of a solution : What is the pH of a solution in which 323 mL of HCl(g), measured at 26.8 degrees Celsius and 1.02 atm, is dissolved in 1.5 L of aqueous solution?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Capital structure and dividend policy

The firm's ability to accelerate or delay investment projects, A strong preference by most shareholders in the economy for current cash income versus capital gains, constraints imposed by the firm's bond indenture

  What is the amount of the overall tax

For the current year, Maple Corporation, a C corporation, reports taxable income of $200,000 before paying salary to its sole shareholder, Diane.

  What is a stock repurchase

What is a stock repurchase? Describe the procedures a company follows when it make a distribution through a stock purchase.

  Journal entries to record the write-off of receivables

Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.

  What is the period that government paid itnerest runs

On April 3, 2008, Mark filed his 2007 Income tax return, which showed a tax due of $80,000. On June 1, 2010, he filed an amended retrun for 2007 that showed an additional tax of $10,000. Mark paid the additional amount. On May 18, 2011, Mark filed..

  Cardinal corporation have in the assets

What basis will Cardinal Corporation have in the assets acquired from Finch Corporation?

  Prepare a schedule fore each of three years

On December 31, 2013, the child crisis center establishes an endowment fund with a $5 million gift of securities. Income from the endowment is to be used exclsuively to support a nutrition program.

  Preventing under-applied overhead

Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?

  Computing flexible budget amounts

What would be the flexible budget amounts at an activity level of 12,000 machine hours if indirect materials is a variable cost and factory rent was a fixed cost?

  Prepare a consolidation worksheet

Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.

  Computations of dividend

Reiner Wholesale Merchandise had 20,000 shares of 5%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2003. These data apply to each of the independent situations below.

  Variable overhead efficiency variance

The budgeted supplies cost is $6.20 per machine-hour. The actual supplies cost for the month was $234,614. The variable overhead efficiency variance for supplies cost is ?

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!

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