(Appendix 12A)Ritchie Corporation Manufactures a Product That Has the Following

question 123

Essay

(Appendix 12A)Ritchie Corporation manufactures a product that has the following costs:

$\begin{array}{lrr} & \text { Per unit }& \text { Per year } \\\text { Direct materials }&\$20.70\\\text { Direct labour } & 11.80 & \\\text { Variable manufacturing overhead } & 3.20 & \\\text { Fixed manufacturing overhead } & & \$ 817,700 \\\text { Variable SG\&A expenses } & 4.10 & \\\text { Fixed SG\&A expenses } & & 691,900\end{array}$

The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 37,000 units per year.

The company has invested $160,000 in this product and expects a return on investment of 15%.

Required:

a) Compute the markup on absorption cost.
b) Compute the target selling price of the product using the absorption costing approach.

Understand the relationship between personality disorders and social behavior and relationships.

Recognize biological and psychological factors contributing to personality disorders.

Understand the concept of personality traits and their influence on diagnosis and treatment approaches.

Identify specific personality disorders based on symptoms and behaviors described in scenarios.

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Definitions:

Master Area

A primary or controlling section within a larger domain, often referring to a specific field of study or expertise.

Central Processor

The primary component of a computer or information processing system responsible for interpreting and executing instructions.

Resting Potential

The state of a neuron when it is not active, characterized by a balance of ions producing a negative charge inside the cell.

Axon

A long, slender projection of a nerve cell, or neuron, which conducts electrical impulses away from the neuron's cell body.