Question: please answer the following question 7. Instruments Inc. has a total of $680 product costs and $230 non-manufacturing costs. If the company desires a target

please answer the following question

7. Instruments Inc. has a total of $680 product costs and $230 non-manufacturing costs. If the company desires a target profit of 25% after covering all costs, what will they need to charge the customer to achieve that profit

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 Finance Questions!

Please answer the following question below please there are some I got wrong that need to be fixed. Question: Ravsten Company uses a job-order costing system. On January 1, the beginning of the...

please answer the following question and explanation. 7. Instruments Inc. has a total of $680 product costs and $230 non-manufacturing costs. If the company desires a target profit of 25% after...

Using the following information on Rockboro Case please answer the following Question: What are the problems here, and what do you recommend and what are the implications of different payout levels...

Your company produces a basic potato chip. There are three main processes used in the chips. The first process washes and peels the potatoes. The second process slices and fries the potatoes. The...

Please answer 1 2 and 3 CHAPTER 8 1. What types of property, plant, and equipment (PP&E) does the company own? Has the investment in PP&E increased or decreased during the period? 2. How much...

I would highly appreciate your kind answers to the questions includedin the attached case study which was provided by my financial accouting professor. thank you. ISSUES IN ACCOUNTING EDUCATION Vol....

Hey I need help with this managerial accounting sheet. can you please show really simple steps how to get the answer? Not too detailed ACC 2203 PRACTICE PROBLEMS FOR CHAPTERS 6, 7, 8, 9, AND 10...

Below, pages 1-13 is an article that needs to be read through. The very last picture is a screenshot of questions/instructions that need to be answered based off of reading the article (questions 1-4...

Using the Annual Report of your selected company answer the following questions in the Discussion: What are adjusting entries and why are they necessary? In your chosen company, which accounts might...

C E F H - J ss is in 1998 BBB B BB X X X x x > x x X X X x X X X x x x X x X x x X X X x B 1 tar rate I 2 bond maturity 3 RPM 4 beta 1 5 RF I 6 7 Yaluation 8 Interest rate Exhibit 9 Debt...

What is the maximum annual contribution that can be made to an SEP, and how is the maximum calculated?

The following data give the numbers of computer keyboards assembled at the Twentieth Century Electronics Company for a sample of 25 days. Prepare a box-and-whisker plot. Comment on the skewness of...

Tyler is a member of a cohesive team and has bonded emotionally with the other members. He feels that they have the same outlook on how to reach their group goa trust in the team. Multiple Choice...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Acceptance of the key role of people in this process of adaptation.

preference for well defined job functions;

Facilitation of the learning and personal development of all people in the organization through a truly empowering culture.