Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs...
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Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs per unit Variable selling and administrative costs per unit Fixed manufacturing costs Fixed selling and administrative costs Investment ROI Planned production and sales $8 $4 $160,000 $120,000 $1,700,000 30% 10,000 pairs Question 38 Calculate the total cost per pair of shoes. Question 39 Determine the desired ROI per pair of shoes. Question 40 Calculate the markup percentage on the total cost per shoe. (Answer in terms of percentage, Le. 48.5%) Question 41 3 pts What is the target selling price for each pair of shoes? 2 pts Assuming a cost per shoe of $75, target selling price of $140 and Custom Shoes Co. only sold 9.000 pairs of shoes. What was the actual ROI assuming an investment of $1,700,000? Answer as a percentage and round to two decimal points (ie... 40.25%) Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs per unit Variable selling and administrative costs per unit Fixed manufacturing costs Fixed selling and administrative costs Investment ROI Planned production and sales $8 $4 $160,000 $120,000 $1,700,000 30% 10,000 pairs Question 38 Calculate the total cost per pair of shoes. Question 39 Determine the desired ROI per pair of shoes. Question 40 Calculate the markup percentage on the total cost per shoe. (Answer in terms of percentage, Le. 48.5%) Question 41 3 pts What is the target selling price for each pair of shoes? 2 pts Assuming a cost per shoe of $75, target selling price of $140 and Custom Shoes Co. only sold 9.000 pairs of shoes. What was the actual ROI assuming an investment of $1,700,000? Answer as a percentage and round to two decimal points (ie... 40.25%)
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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