Schopp units. n makes a mechanical stuffed alligator that sings the Martian nati

Question

Schopp units. n makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 515,000 Per Unit Total Direct materials 7.06 11.06 14.78 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 3,239,350 13.80 1,601,650 The company has a desired ROI of 26 %. It has invested assets of $ 27,484,000 (a) Your answer is correct. Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Total cost per unit 56.10

Explanation / Answer

1) c. Markup Percentage = (Desired ROI / Total Cost) *100

= (13.88/56.01) *100

= 24.78%

2) c. Labor Cost = 76 * 42 hours = $3192

Material Cost = 2900 * 143.58% = $4163.82

Total Estimated Bill = 3192 + 4163. 82 = 7355.82

3) c. Labor Cost = 144 * 41.84 = 6024.96

Materials = 56200 *169.14% = 95056.68

Total Estimated Bill = 6024.96 +95056.68= 101, 081.64

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