Question: really stuck on one and two of this problem OBJ. 1, 2 PR 25-5A Product pricing using the cost-plus approach concepts; differential analysis for accepting

really stuck on one and two of this problem
really stuck on one and two of this problem OBJ. 1, 2
PR 25-5A Product pricing using the cost-plus approach concepts; differential analysis for

OBJ. 1, 2 PR 25-5A Product pricing using the cost-plus approach concepts; differential analysis for accepting additional business Crystal Displays Inc. recently began production of a new product, flat panel displays, which required the investment of $1,500,000 in assets. The costs of producing and selling 5,000 units of flat panel displays are estimated as follows: " Variable costs per unit: Fixed costs: Direct materials $120 Factory overhead Direct labor $250,000 150,000 30 Selling and administrative expenses Factory overhead 50 Selling and administrative expenses 35 Total $235 Crystal Displays Inc. is currently considering establishing a selling price for flat panel dis- plays. The president of Crystal Displays has decided to use the cost-plus approach to product pricing and has indicated that the displays must earn a 15% rate of return on invested assets. Instructions 1. Determine the amount of desired profit from the production and sale of flat panel displays. 2. Assuming that the product cost concept is used, determine (a) the cost amount per unit, (b) the markup percentage, and (c) the selling price of flat panel displays. Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: Cengage. Question 1 Question 2 a b Answer: Total Manufacturing Costs: Variable Fixed Factory Overhead Total Cost Per Unit Markup Percentage Seling Price Insert the appropriate amount. 11 %

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