User Account

All Pages

Compute markup percentage based on variable cost concept

Assignment Help Managerial Accounting
Reference no: EM132607803

Kirk Co. manufactures mobile cellular equipment and develops a price for the product by using a variable cost concept. Kirk incurs variable costs of $1,900,000 in the production of 100,000 units. Fixed costs total $50,000. The company employs $4,725,000 of assets and wishes to earn a profit equal to a 10% rate of return on assets.

Question 1: Compute a markup percentage based on the variable costs concept. Round your answer to one decimal place.

Question 2: Determine a selling price. Round your answer to two decimal places.

Reference no: EM132607803

Questions Cloud

Types of love : Briefly describe eight types of love described by Sternberg (1988) found in Figure 6.5 in your textbook.
What is the great reversal : What is the great reversal? How does this theme emerge in Luke 19-24?
Discuss about why that piece caught your attention : Think about why that piece caught your attention and then describe why. This is not something that you should look up. It is a reflection, which means it is.
Means of motivating employees-money-specialized training : There are many means of motivating employees: money, specialized training, recognition programs, etc.
Compute markup percentage based on variable cost concept : Determine a selling price. Compute a markup percentage based on the variable costs concept. Round your answer to one decimal place.
Traditional organizational structure or holacracy : Determine whether Caterpillar Inc.'s organizational structure is considered a traditional organizational structure or a Holacracy.
Compute the markup percentage using the total cost concept : Glover Inc manufactures Product B, incurring variable costs of $15.00 per unit,Compute the selling price of Product B. Round your answer to two decimal places.
Prepare the differential analysis report dated april : Monthly fixed costs and expenses, Prepare the differential analysis report, dated April 21 of the current year, on the proposal to sell at the special price.
Discusses situational awareness : Discusses situational awareness. Much of the security efforts of the past have been centered around prevention and protection

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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