Solved

Yakking Co

Question 107

Essay

Yakking Co.manufactures mobile cellular equipment and develops a price for the product by using the variable cost concept.Yakking incurs variable costs of $1,900,000 in the production of 100,000 units while fixed costs total $50,000.The company employs $4,725,000 of assets and wishes to earn a profit equal to a 10% rate of return on assets.
Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.
Yakking Co.manufactures mobile cellular equipment and develops a price for the product by using the variable cost concept.Yakking incurs variable costs of $1,900,000 in the production of 100,000 units while fixed costs total $50,000.The company employs $4,725,000 of assets and wishes to earn a profit equal to a 10% rate of return on assets. Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: When a bottleneck occurs between two products,

Q74: All of the following should be considered

Q83: When a segment of a company is

Q94: Hill Co. can further process Product O

Q105: Lara Technologies is considering a cash outlay

Q106: When estimated costs are used in applying

Q108: What is the amount of the income

Q111: Diamond Boot Factory normally sells their specialty

Q142: An unfinished desk is produced for $36.00

Q144: Hill Co. can further process Product O