| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The cost per unit for the production of the company’s product is
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The markup percentage on product cost for the company’s product is
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The unit selling price for the company’s product is
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The dollar amount of desired profit from the production and sale of the company’s product is
Use this information for Mallard Corporation to answer the question that follow.
Mallard Corporation uses the product cost concept of product pricing. Below is the cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000.
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The cost per unit for the production of the company’s product is
Mallard Corporation uses the product cost method of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% return on invested assets of $800,000.
|
Fixed factory overhead cost |
$82,000 |
|
Fixed selling and administrative costs |
45,000 |
|
Variable direct materials cost per unit |
5.50 |
|
Variable direct labor cost per unit |
7.65 |
|
Variable factory overhead cost per unit |
2.25 |
|
Variable selling and administrative cost per unit |
0.90 |
The markup percentage on product cost for the company’s product is
Mallard Corporation uses the product cost method of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% return on invested assets of $800,000.
| Fixed factory overhead cost | $82,000 |
| Fixed selling and administrative costs | 45,000 |
| Variable direct materials cost per unit | 5.50 |
| Variable direct labor cost per unit | 7.65 |
| Variable factory overhead cost per unit | 2.25 |
| Variable selling and administrative cost per unit | 0.90 |
The dollar amount of desired profit from the production and sale of the company’s product is
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