S Weygandt, Managerial Accounting, 7e MANAGERIAL ACCOUNTING (ACCT 105) Assignmen
ID: 2551854 • Letter: S
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S Weygandt, Managerial Accounting, 7e MANAGERIAL ACCOUNTING (ACCT 105) Assignment nment ENTER VERSON .BACK NEXT Question 1 tion produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation Per Unit $420 $310 s 75 Total Direct Direct labor Variable manufacturing overhead Fixed manufacturing overhead $1,494,600 Variable selling and administrative expenses 61 Fixed selling and administrative expenses $ 578,760 The company has a desired ROI of 18%. It has invested assets of $65,154,667. It anticipates production of 3,180 units per year the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. per unit Fixed selling and administrative expenses s ROI per unit acBook ProExplanation / Answer
1 Fixed manufactuirng overhead per unit ( manufacturing overhead /units produced (1494600/3180) 470 Fixed selling and administrative expenses ( Fixed selling and admin expenses/ units produced) (578760/3180) 182 2 ROI Invested assets 18% 65154667 Targeted net income (65154667*18%) 11727840.06 3 Unit variable cost Direct Materials 420 Direct labor 310 Variable manufacturing overhead 75 Fixed manufacturing overhead 470 variable selling and administrative expenses 61 Fixed selling and administrative expenses 182 Total Cost per unit 1518 Number of units 3180 Total cost (3180*1518) 4827240 Target profit 11727840.06 Total sale price (4827240+11727840) 16558260.06 Targer selling price per unit (16558260/3180) 5207.000019 5207( rounded)
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