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Question - ABC Corporation makes a mechanical device for material handling. The following information is available for the company's anticipated annual volume of 600,000 units.
Direct Materials $8 Direct Labour $15 Variable MOH $18 Fixed MOH $3,500,000 $1,500,000
The company has a desired ROI of 30%. It has invested assets of $30,000,000
Required -
1. Compute the total cost per unit.
2. Compute the desired ROI per unit.
3. Compute the target selling price.
4. Compute the mark-up percentage using variable cost per unit.
Record a sale in journal entry - The depreciation method used wasstraight-line On January 1, 2011, What was the carrying amount of the van at the date of sale
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