The owner of a small pipeline construction company wants to determine how much he should bid in his attempt to win his first “big” contract. he estimates that his cost to complete the project will be $7.2 million in pw equivalency. he wants to bid an amount that will generate an after-tax rate of return of 15% per year; however, he doesn’t know how much to bid on a before-tax basis. he told you that his effective state tax rate is 12% and his effective federal tax rate is 22% per year. (a) the equation for determining the overall effective tax rate is: state rate + (1 − state rate)(federal rate) determine his before-tax marr in order to realize an after-tax marr of 15% per year. (b) how much should he bid?

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02