Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 11.00

Radco Manufacturing

Cost-plus, target pricing, working backward. The new CEO of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing:
Total sales revenue…………………………….....?
Number of units produced and sold……………..500,000 units
Selling price……………………………………...?
Operating income………………………………$195,000
Total investment in assets……………………$2,000,000
Variable cost per unit……………………………...$3.75
Fixed costs for the year………………………$3,000,000
Required
1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percent-age on full cost for this product.
2. The new CEO has a plan to reduce fixed costs by $200,000 and variable costs by $0.60 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price.
3. Assume the CEO institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower product quality resulting in 10% fewer units being sold compared to before the change. Calculate operating income (loss).

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 02:08 PM My Price 11.00

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