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.

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000