School, Charleston Affair uses the product cost concept
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Charleston Affair uses the product cost concept to price its goods. The company plans to release a new product in the upcoming month. Use the information shown below to determine: (A) Product cost per unit (B) Desired profit (C) Markup percentage (D) Markup per unit (E) Normal selling price per unit
Total product cost $49,000
Total selling and administrative expenses
$32,100
Total assets $120,000
Estimated units produced and sold
14,000
Desired rate of return on assets 10%
Wake Coffee Co. expects for the price of Standard Coffee to be $12 per pound in 2016 and sell 2,000 pounds. The company owns $52,000 in assets, with a required rate of return on the assets of 12%. Determine the total target cost the company should achieve using the target costing method.
3. West End Co. is considering an investment in a new project. The project would have an initial start-up fee of $260,000. The company will incur $20,000 of additional cash expenses each year due to the project, but will earn income of $42,000. Calculate the cash payback period, rounding answers to two decimal places.
4. A company expects to generate cash revenues of $20,000 over the next five years. Calculate the present value of the earnings using the table below if there is a 10% interest rate. Present Value of an Annuity of $1 at Compound Interest Year 10% 12% 15% 1 0.909 0.893 0.870 2 1.736 1.690 1.626 3 2.487 2.402 2.283 4 3.170 3.037 2.855
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5 3.791 3.605 3.353 6 4.355 4.111 3.785 7 4.868 4.564 4.160 8 5.335 4.968 4.487 9 5.759 5.328 4.772 10 6.145 5.650 5.019
5. During the previous period, Jeff’s Bikes incurs the following costs in a manufacturing department: cost of maintaining equipment, $5,750; cost of correcting defective goods from customers, $10,000; cost of rework, $12,000; cost of design engineering, $15,000; and cost of product inspections, $9,000. Prepare a cost of quality report for the company if total sales are $1,070,000. Also, determine if each of the costs would be considered value-added or non- value-added. Round percentages to one decimal place
Complete: a minimum of 1,200 words and three scholarly sources. Answer questions in essay. Responses for Discuss and Complete sections are to be in APA format.
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