Compute the target selling price round answer to 2 decimal

Reference no: EM13598349

Beans Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Stahl Corporation's anticipated annual volume of 500,000 units.

Per Unit Total
Direct materials $7
Direct labor $9
Variable manufacturing overhead $15
Fixed manufacturing overhead $3,300,000
Variable selling and administrative expenses $14
Fixed selling and administrative expenses $1,500,000

The company has a desired ROI of 25%. It has invested assets of $24,000,000.

1. Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.)
2.Compute the desired ROI per unit. (Round answer to 2 decimal places, e.g. 10.50.)
3.Compute the markup percentage using total cost per unit. (Round answer to 2 decimal places, e.g. 10.50. Use the rounded amounts from the previous questions when calculating the answer for this question.)
4.Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50. Use the rounded amounts from the previous questions when calculating the answer for this question.)

Reference no: EM13598349

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