Assume the same information as question 14 and determine AST Electricals markup percentage using variable-cost pricing. Data

Question:

Assume the same information as question 14 and determine AST Electrical’s markup percentage using variable-cost pricing.

Data from question 14

AST Electrical provides the following cost information related to its production of electronic circuit boards.

image text in transcribed

What is its markup percentage assuming that AST Electrical uses absorption-cost pricing?

(a) 16.67%.

(b) 50%.

(c) 54.28%.

(d) 118.75%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

See More Books

Question Posted: Feb 15, 2024 09:01 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
AST Electrical provides the following cost information related to its production of electronic circuit boards. What is its markup percentage assuming that AST Electrical uses absorption-cost pricing?...
Assume the same information as in E17-19B for Thomlin Company. In addition, assume that the investment in the Tiger Inc. stock was sold during 2015 for $278,000. At December 31, 2015, the following...
Determine whether each of these statements is true or false. a) x {x} b) {x} {x} c) {x} {x} d) {x} {{x}} e) {x} f) {x}
Write an Essay on academic dishonesty
A liquid jet of density r and area A strikes a block and splits into two jets, as shown in the figure. All three jets have the same velocity V. The upper jet exits at angle θ and area αA,...
If forces always come in interaction pairs and the forces in such a pair are equal in magnitude and opposite in direction (Eq. 8.15), how can the vector sum of the forces exerted on an object ever be...
The following is a list of 10 common security problems. For each problem, describe why it is a problem and choose a control plan from this chapter that would prevent or detect the problem from...
The DD-AA model predicts that a permanent increase in foreign money demand will lead to an improvement in the domestic current account. True/False/Uncertain, explain and support your answer with ONE...
Use this list of terms to complete the sentences that follow. 1. A ________________ shows potential sales for the industry and a companys expected share of such sales. 2. __________________ are used...
Global Industries transfers parts between divisions in two countries, Eastland and Westland. Eastlands tax rate is 8%, and Westlands tax rate is 16%. To minimize tax payments and maximize net income,...
You can insure a $50,000 diamond for its total value by paying a premium of D dollars. If the probability of loss in a given year is estimated to be .01, what premium should the insurance company...
What are the five steps in preparing a state machine to model a user interface?
Based on the following information, how many days of supply of inventory is the firm holding (assume 250 days of operation per year)? Interpret your answer if the industry average inventory days...
What is supply chain management? How does it differ from logistics?.
Make your own list of what you think the advantages and disadvantages could be of structured, ethnographic and scenario-based approaches.
Why should the user interface classes be kept separate from the business classes and application logic?
What is the significance of the adjective weighted in the weighted average cost method? Use an example to illustrate your answer.
Write a declaration for each of the following: a. A line that extends from point (60, 100) to point (30, 90) b. A rectangle that is 20 pixels wide, 100 pixels high, and has its upper-left corner at...
Pine Company has a degree of operating leverage of 8. Fir Company has a degree of operating leverage of 4. Interpret these measures.
Doc Rowan Corporation sells one product, its waterproof hiking boot. It began operations in the current year and had an ending inventory of 8,500 units. The company sold 20,000 units throughout the...
Hamby Inc. has sales of $2,000,000 for the first quarter of 2014. In making the sales, the company incurred the following costs and expenses. Prepare a CVP income statement for the quarter ended...
How can influential leaders harness the power of social media platforms, digital technologies, and online communities to extend their reach, cultivate thought leadership, and shape discourse in the...
Oil FVF (rbbl/STB) Estimation of original oil in place (STOIP) is one of the main important and influential responsibilities of reservoir engineers. This task is crucial for oil and gas operators...
There are two good toasters on the market today: The Super Deluxe Chromium Coated Premium Toaster ("Toaster A"), and the Aluminum Plated Cross-Hatched Toaster Extraordinaire ("Toaster B"). Each...

Assume the same information as question 14 and determine AST Electricals markup percentage using variable-cost pricing. Data

Question:

Variable manufacturing cost Fixed manufacturing cost Variable selling and adminis- trative expenses Fixed selling and administrative expenses Desired ROI per unit Per Unit $40 $30 $8 $12 $15

Step by Step Answer:

Financial And Managerial Accounting

Students also viewed these Business questions