Techcom is designing a new smartphone. Each unit of this new phone will require $231 of direct materials; $11 of direct labor: $24 of variable overhead; $19 of variable selling, general, and administrative costs: $32 of fixed overhead costs; and $11 of fixed selling. general, and administrative costs.
1. Compute the selling price per unit if the company uses the total cost method and plans a markup of 175% of total costs.
2. The company is a price-taker and the expected selling price for this type of phone is $810 per unit. Compute the target cost per uni if the company's target profit is 70% of expected selling price.
3. Compute the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs.
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Compute the selling price per unit if the company uses the Mriable cost method and plans a markup of 200% of variable costs.
1. Total variable costs per unit
2. Markup per unit
3. Selling price per unit
Answers
1. Total variable costs per unit if the company uses the total cost method and plans a markup of 175% of total costs is $328.
2. If the company's target profit is 70% of expected selling price and the expected selling price for this type of phone is $810 per unit, then the markup per unit will be $574 and the target cost per unit will be $2433.
3. The selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs is $855.
1. Selling price per unit if the company uses the total cost method and plans a markup of 175% of total costs.
Direct materials per unit = $231
Direct labor per unit = $11
Variable overhead per unit = $24
Variable selling, general, and administrative costs per unit = $19
Total variable cost per unit = Direct materials + Direct labor + Variable overhead + Variable selling, general, and administrative costs
$231 + $11 + $24 + $19 = $285
Total cost per unit = Total variable cost per unit + Total fixed cost per unit
$285 + ($32 + $11) = $328
Therefore, total variable costs per unit if the company uses the total cost method and plans a markup of 175% of total costs is $328.
2. Markup per unit = Total cost per unit x Markup percentage
175% = 1.75
Markup per unit = $328 x 1.75 = $574
Selling price per unit = Total cost per unit + Markup per unit
$328 + $574 = $9022.
Target cost per unit if the company's target profit is 70% of expected selling price.
Expected selling price per unit = $810
Target profit percentage = 70%
Target profit per unit = Expected selling price x Target profit percentage
70% = 0.7
Target profit per unit = $810 x 0.7 = $567
Target cost per unit = Expected selling price per unit - Target profit per unit
$810 - $567 = $2433.
Therefore, the target cost per unit is $2433 with a markup per unit of $574.
3. Selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs.
Direct materials per unit = $231
Direct labor per unit = $11
Variable overhead per unit = $24
Variable selling, general, and administrative costs per unit = $19
Total variable cost per unit = Direct materials + Direct labor + Variable overhead + Variable selling, general, and administrative costs
$231 + $11 + $24 + $19 = $285
Markup percentage = 200% = 2
Markup per unit = Total variable cost per unit x Markup percentage
Markup per unit = $285 x 2 = $570
Selling price per unit = Total variable cost per unit + Markup per unit$285 + $570 = $855
Therefore, the selling price per unit if the company uses the variable cost method and plans a markup of 200% of variable costs is $855.
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Related Questions
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
It is a strong drive to achieve goals and objectives through focus and proactive follow-through.
a.
Consistency
b.
Coordination
c.
Competence
d.
Commitment
Answers
Answer:
C
Explanation:
Competence gives you the ability or skill to do something
identify the industry forces that would affect gearon
Answers
The forces in the market that would impact Gearon: A. Many coaches are looking for work. B. People have many choices for fitness. vs There are many cheap gyms. D. Customers pay flat rates in fitness studios. E. There are many national networks.
What are the strengths of the industry?
Potential customers, suppliers, substitutes and new entrants (collectively referred to as broader competition) are competitors of industrial firms. The five competitive forces together determine the competitive strength and profitability of the industry. The Five Forces Analysis can help companies assess an industry's desirability, how trends are affecting industry competition, which industries a company is likely to compete in, and how companies can position themselves for success. Industry analysis for an entrepreneur or a company is a method that helps to understand the company's position in relation to other industry players.
This helps them to see both the opportunities and the threats they face and gives them a good idea of the current and future scenario of the industry.
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As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why?
Answers
Answer:
Specialty store
Explanation:
Which of the following is NOT an example of a job skill?
A. attending work every day
B. being good with computers
C. being creative
D. working well in groups
Answers
Answer:
attending work everyday
Explanation:
Its not a skill its a priority.
Some examples of a job skill are being good with computers, being creative or working well with a team but attending work every day is not a skill. Therefore a is correct here.
Why do job skills matter?Job skills are important because they are those collections of skills that can help a person to complete a work. There are various kinds of work skills such as workplace skills, technical skills, transferable skills etc.
Workplace skills are those personal skills that ensure that we do our job well, for instance, teamwork. Technical skills are those skills that are required for a specific job such as coding. And transferable skills are those skills which we take from one job to another.
Some of the skills required are communication, change management, professional development, storytelling, planning, influencing, decision-making, problem-solving, and human resources.
Job seekers should always be ready to learn new skills because employers prefer such employees.
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A transcript should be requested from—-
the post office
your references
former employers
past schools you have attended
Answers
Answer:
Past Schools you have attended
Explanation
Explain the stages of conducting population census
Answers
Answer: Hence, the census activities can be divided into three main stages: preliminary, data collection, and publishing results.
What effect do communication skills have on ability to pursue
Answers
Answer:
you. dummy joking I. don't know
Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. - Providing tax breaks and patents for firms that pursue research and development in health and sciences - Increasing taxes on income from savings- Protecting property rights and enforcing contracts - Pursuing inward-oriented policies In less developed countries, what does the term brain drain refer to? - Rapid population growth that increases the burden on the system - The emigration of highly skilled workers to rich countries - Lower productivity due to a malnourished workforce - Rapid population growth that lowers
Answers
The following policies are consistent with the goal of increasing productivity and growth in developing countries:
Providing tax breaks and patents for firms that pursue research and development in health and sciencesProtecting property rights and enforcing contractsThe correct options are A and C.
What are productivity and its benefits?Productivity is a metric of economic or business performance that indicates how effectively individuals, businesses, industries, and entire economies convert inputs such as labor and capital into outputs such as goods or services.
Pursuing inward-oriented policies in less developed countries may not be consistent with the goal of increasing productivity and growth, as it can limit access to foreign markets and foreign investment, which can be important sources of capital, technology, and expertise. Increasing taxes on income from savings can also discourage investment and savings, which can reduce economic growth.
Thus, the ideal selection is options A and C.
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Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your community that would do well, even if people did not have a lot of extra money to spend, and explain the advantages it has over larger businesses.
Answers
Answer:
A drug store is a type of business that is likely to do well even in an economic recession.
This is because drug stores sell an essential good, that often has a high price, and that is needed by many people, specially those who suffer from chronic diseases.
In other words, people will likely reduce their consumption of many other goods before reducing their consumption of prescription drugs.
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answers
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
- Indicated which two instruments are used by government to influence the spending within the South African economy; use examples to explain how each instrument is used. Conclusion
Answers
The two instruments used by the government to influence spending within the South African economy are fiscal policy and monetary policy.
The South African government uses fiscal policy to influence spending in the economy. Fiscal policy refers to changes in government spending and taxation that affect the economy. For example, the government may increase spending on infrastructure projects, such as roads and schools, which can increase economic activity and create jobs. Alternatively, the government may increase taxes on certain goods, such as alcohol and cigarettes, to reduce spending on these items and increase revenue for the government.
The government also uses monetary policy to influence spending in the economy. Monetary policy refers to the control of the money supply and interest rates by the central bank. The South African Reserve Bank (SARB) is responsible for implementing monetary policy in the country. For example, the SARB may increase interest rates to reduce borrowing and spending, which can help to reduce inflation. Alternatively, the SARB may reduce interest rates to encourage borrowing and spending, which can stimulate economic growth.
In conclusion, fiscal policy and monetary policy are two important instruments used by the South African government to influence spending in the economy. By changing government spending and taxation, and controlling the money supply and interest rates, the government can help to stimulate economic growth and control inflation.
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T/F publishing a new rule in the federal register is the first step in the rulemaking process after research and study are performed
Answers
True. Publishing a new rule in the Federal Register is typically the first step in the rulemaking process after research and study have been conducted. The Federal Register is a daily publication that contains proposed and final rules, notices, and other federal agency documents.
Once a rule is published in the Federal Register, it becomes available for public comment, which is a crucial part of the rulemaking process. Federal agencies are required to provide a period of time for the public to comment on the proposed rule before it can be finalized. After the comment period, agencies will review the feedback and make any necessary adjustments to the rule before publishing a final version in the Federal Register. It is important to note that the rulemaking process can vary depending on the agency and the type of rule being proposed.
True. Publishing a new rule in the Federal Register is the first step in the rulemaking process after research and study are performed. Once an agency has conducted thorough research and determined that a new rule is necessary, it drafts a proposed rule and publishes it in the Federal Register. This publication serves as an official announcement and provides an opportunity for public input.
The notice of proposed rulemaking typically includes the proposed rule's text, background information, and a request for public comments. After the public comment period ends, the agency reviews the feedback and may make adjustments to the rule based on the input received. Following this review, the agency will either publish a final rule in the Federal Register or withdraw the proposal if it determines the rule is not needed.
In summary, publishing a new rule in the Federal Register is a crucial step in the rulemaking process, allowing the public to engage with the proposed regulations and contribute to the development of more effective and efficient rules.
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What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
Answers
A disadvantage of couponing is…? radio_button_unchecked Low redemption rates. radio_button_unchecked Reduces consumer’s perceived risk associated with trial of a new brand. radio_button_unchecked Encourages repeat purchase. radio_button_unchecked Helps coax users to trade up to more expensive brands. SUBMIT
Answers
Answer:
Correct Answer:
1. Low redemption rates.
Explanation:
Couponing is the situation whereby discount in form of Coupons are offered to customers over a specific product that is on sale. It is similar to product discount other than the fact that, the discount is based on the coupon card.
The disadvantage of offering coupons is that you would be giving a discount to people who would buy your products even without them anyway thereby leading to low redemption rate. This can be costly and also increases the risk of incurring losses.
Answer:
Low redemption rates.
Explanation:
Couponing is a kind of promotion used by businesses in giving discounts to their customers for products purchased. it is done using coupon cards.
Low redemption rate simply means the number of people that make use of the coupon card in purchases as a percentage of number of coupon cards distributed. The implications of low redemption rates as a disadvantage of couponing means lower sales for the business and this could consequently cause losses as this indicates that promotion was not effective. In other words, low sales using coupons increases cost to company lowering profit and maybe causing losses
the talking gecko used by geico insurance facilitates the development of
Answers
The talking gecko used by Geico insurance facilitates the development of brand recognition and a strong marketing campaign.
Brand Recognition: The gecko's distinctive appearance and voice have become synonymous with GEICO, helping to create a recognizable and memorable brand identity.Consumer Engagement: The gecko's humorous and personable character engages consumers, making them more likely to pay attention to GEICO's advertising messages and consider the company for their insurance needs.Brand Differentiation: The gecko sets GEICO apart from other insurance companies by offering a unique and entertaining spokesperson. It helps the company stand out in a competitive market and creates a distinct brand image.Storytelling: The gecko's presence allows for storytelling in GEICO's advertising campaigns. The character can be used to convey information about insurance coverage, explain complex concepts, and entertain viewers through ongoing narratives.Advertising Effectiveness: The gecko's popularity and likability contribute to the effectiveness of GEICO's advertising campaigns. The character helps capture attention, increase message recall, and ultimately drive consumer behavior towards considering or choosing GEICO for insurance coverage.Overall, the talking gecko serves as a valuable marketing tool for GEICO, enhancing brand recognition, engaging consumers, differentiating the brand, facilitating storytelling, and increasing the effectiveness of their advertising efforts.
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A large customer owing million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. (Select the best choice below.) A. Accounts receivable would decrease by million, and the book value of equity would increase by the same amount. B. Accounts receivable would increase by million, as would the book value of equity. C. Accounts receivable would increase by million, and the book value of equity would decrease by the same amount. D. Accounts receivable would decrease by million, as would the book value of equity.
Answers
Answer:
D. Accounts receivable would decrease by million, as would the book value of equity.
Explanation:
Accounts receivable is a record of payments that a business has not received from its customers for goods and services given.
When payment is eventually made the revenue account is credited and accounts receivable reduces.
If however there is no possibility of receiving payment, the amount is moved from accounts receivable to allowance for doubtful accounts.
This is recognised as a loss.
So accounts receivable would decrease by million, as would the book value of equity.
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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which kind of flour contains more gluten and less starch
a.all purpose flour
b.bread flour
c.cake flour
d.soft flour
Answers
Answer: b. bread flour
Explanation:
Different types of flour have varying gluten and starch content which is as a result of the kind of wheat used in making the flour.
Bread flour which is also called hard flour has gluten content of 13 to 14% which makes it the highest of the options. All purpose flour has around 12%, Cake flour has about 7.5 to 9% and soft flour is quite low as well.
clay offers to pay dot $50 for a golf lesson for erin. they agree to meet the day after tomorrow to exchange the cash for the lesson. these parties have
Answers
The parties offering to pay $50 for a golf lesson for Erin and agreeing to meet the day after tomorrow to exchange the cash for the lesson are known as the "contracting parties."
In legal terms, a "contracting party" refers to the parties that are bound by a legal agreement. In the given scenario, Clay and Erin are the contracting parties since they are the ones who have entered into a contract for a golf lesson.
A contract is a legal agreement between two or more parties that is enforceable by law. It is an agreement in which both parties agree to do something or to refrain from doing something. The terms of the contract must be clearly defined, and both parties must agree to them.
In this case, Clay has agreed to pay Erin $50 for a golf lesson, and Erin has agreed to teach Clay golf.
In conclusion, the contracting parties in the given scenario are Clay and Erin, who have entered into a contract for a golf lesson. The agreement between the two parties is legally binding and can be enforced by law.
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Martin's Yachts has paid annual dividends of $1.40, $1.75, and $2.10 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, you will only buy this stock if you can earn at least a 12% rate of return. What is the maximum amount you are willing to pay to buy one share of this stock today
Answers
Answer:
$17.50
Explanation:
Price i would be willing to pay = last dividend paid / rate of return
2.10 / 0.12 = $17.50
why is freshness of ingredients important in salad preparation
Answers
The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.
Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.
Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.
Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answers
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
100 points. The owner of this credit account needs to make a $5,000 medical payment and doesn't have enough in his or her other accounts. Describe at least one option available to the owner.
Line of credit : $3,000.
Available credit: $2246,63
Answers
Answer:
transfre the money
Explanation:
a.) $2894.71
b.) $2202.72
c.) $2330.20
d.) $2654.23
Answers
Give two drawbacks of relying on the GDP as an indicator of
economic progress.
Answers
Two significant drawbacks:
1. Limited scope of measurement
2. Neglects non-market activities and informal sector
While GDP (Gross Domestic Product) is a widely used measure of economic progress, it has certain drawbacks that limit its effectiveness as a comprehensive indicator. Here are two significant drawbacks:
1. Limited scope of measurement: GDP primarily focuses on the market value of goods and services produced within a country's borders. It does not capture important aspects of economic well-being, such as income distribution, quality of life, sustainability, and environmental impacts. GDP growth can occur even if there are significant inequalities, environmental degradation, or social challenges within a country. For example, an increase in GDP may be driven by industries with negative environmental consequences, such as increased pollution or resource depletion.
2. Neglects non-market activities and informal sector: GDP predominantly measures market-based activities and fails to account for non-market activities, such as unpaid work (e.g., caregiving, household chores) and volunteer work. It also often excludes the informal sector, which can be significant in developing countries. As a result, GDP may underestimate the overall economic contributions and well-being of individuals engaged in non-market activities. This can lead to a skewed perception of economic progress and fail to capture the full picture of a nation's economic activities and societal contributions.
To address these limitations, there have been efforts to develop alternative measures such as the Genuine Progress Indicator (GPI) and the Human Development Index (HDI), which aim to provide a more comprehensive assessment of economic progress by considering social, environmental, and well-being factors. These measures take into account income distribution, education, healthcare, environmental sustainability, and other indicators that contribute to a more holistic understanding of a nation's development beyond just economic output.
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Which details apply to a financing contract? Check all that apply.
requires a credit check
are always less expensive than using a credit card
includes interest rate information
requires a signature for rent-to-own agreements
can be broken at any time
Answers
The details apply to a financing contract - requires a credit check, includes interest rate information and requires a signature for rent-to-own agreements.
Finance contracts, also known as financial services contracts, are contracts used in securities law to allow for individually negotiated agreements involving commodities, securities, currencies, or other economic or financial interests.
A financial contract is a transaction between parties involved in the financial markets that takes the form of an independently arranged agreement, contract, or option to sell, buy, swap, lend, or repurchase.
Commercial advance payments and commercial interim payments are two types of contract financing payments for commercial item purchases.
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Answer:
1,3,4
Explanation: Anytime you apply for credit, there's always some type of credit check. Interest is sometimes applied as a means for the creditor to make money off the transaction. Rent to own is never a good thing but needed in cases of low or no credit.
An individual breaks a large cash deposit into several smaller deposits with the intention of evading the filing of a currency transaction report. this is called:________
Answers
An individual breaks a large cash deposit into several smaller deposits with the intention of evading the filing of a currency transaction report. this is called structuring.
Any effort to avoid the legal reporting requirements for cash/currency transactions made with a financial institution is referred to as structuring, which is a sort of placement activity.
Two excellent gamers in the game Warcraft II gave it the name "smurfing." When they made new accounts to fight this, they chose the usernames "PapaSmurf" and "Smurfette," and the word has remained ever since. Players would simply avoid playing them if they saw their usernames.
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many employees utilize different _____ at work than they do at home.
Answers
Many employees utilize different tools or technologies at work than they do at home.
In the context of the given statement, the term "different" refers to the variation in tools or technologies used by employees in their work environment compared to their personal environment. This difference can arise due to various factors such as company policies, software and hardware requirements, specialized equipment, access to certain resources, or the need to comply with specific work-related tasks and responsibilities. Employers often provide employees with specific tools or technology infrastructure tailored to their work needs, which may differ from what individuals typically use in their personal lives.
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Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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