Question: hi there i need help with this question asap please. also please make sure answers are correct Mint Mediey makes candy bars for vendrg machines

hi there i need help with this question asap please. also please make sure answers are correct  hi there i need help with this question asap please. also
please make sure answers are correct Mint Mediey makes candy bars for
vendrg machines and selis them to vendors in cases of 30 bars.

Mint Mediey makes candy bars for vendrg machines and selis them to vendors in cases of 30 bars. Although Mint Mediey makes a variety of candes, the cost differences are insignicant, and the cases ail sell for the same price Mint Mediey has a total capital investment of $11,000,000 in expects to produce and sell 500,000 cases of cancy next year. Mirt Medley requires a 12% target rebirn on investment. Expected costs for next year are: (Click the ioon to view the costs) Mint Mediey prices the cases of candy at full cost plus markup to generate profits equal to the target retum on capalal. Read the requirements Requirement 1. What is the target operating income? (Enter the percentage as a whole number.) }=Targetoperatingincome Requirement 2. What is the seling price Mint Mediey needs to charge to eam the target operating income? Colculate the markup percentage on ful cost Begin by calculating the target revenues by working backwards from the target operating income Mint Mediey must charge per case to earn the target operating ncome Now calculate the markup percentage on ful cost. Determine the formula, then compule the marup percentage d Emer the per unt amounts to the nearest cert Enter the markup an Lat coss as a notrentaon tounded to two decimas. . percentage rounded to tavo decimais, Xx% tho selling arice a goed idea? Begen by calculating the new tarpet operating income (Enter yout ancker as a percentage rounded to two chomal places. 1. Mirt Medioy's return on investment is Is increasing the seling price a good ides? Data table

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!