(Answered) Questions -q1 goshawks co produces an automotive product

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Q1. Goshawks Co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units. The company desires to earn a profit equal to a 12% rate of return on assets of $960,000. Total selling and administrative expenses are $105,000.

a) Compute a markup percentage using the product cost concept.

b) Calculate a selling price per unit of the automotive product.

Q2. Goshawks Co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units. The company desires to earn a profit equal to a 12% rate of return on assets of $960,000. Total selling and administrative expenses are $105,000.

a) Compute a markup percentage using the product cost concept.

b) Determine a selling price per unit of the automotive product.

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