Variable cost method of product pricing smart stream inc. uses the variable cost method of applying the cost-plus approach to product pricing. the costs of producing and selling 10,000 cell phones are as follows: variable costs per unit: fixed costs: direct materials $150 factory overhead $350,000 direct labor 25 selling and admin. exp. 140,000 factory overhead 40 selling and administrative expenses 25 total variable cost per unit $240 smart stream desires a profit equal to a 30% return on invested assets of $1,200,000.
a. determine the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones. total variable cost $ variable cost amount per unit $
b. determine the variable cost markup percentage for cellular phones. round to two decimal places. %
c. determine the selling price of cellular phones. if required, round to the nearest dollar. $ per cellular phone

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?