Business, 12.08.2020 06:01 srshelton

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit Total
Direct materials $390
Direct labor $300
Variable manufacturing overhead $73
Fixed manufacturing overhead $1,395,000
Variable selling and administrative expenses $56
Fixed selling and administrative expenses $337,900

The company has a desired ROI of 15%. It has invested assets of $74,400,000. It anticipates production of 3,100 units per year.

Required:
a. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses.
b. Compute the desired ROI per unit. (Round answer to 0 decimal places, e. g. 125.)
c. Compute the markup percentage and target selling price using absorption-cost pricing.

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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following informa...

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