eBook Show Me How 1000TLUcator=&inprogress=false C Average Rate of Return-New Product Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to generate additional annual sales of 6,200 units at $297 per unit. The equipment has a cost of $691,900, residual value of $52,100, and an 8- year life. The equipment can only be used to manufacture the phone. The cost to manufacture the phone follows: Cost per unit: Direct labor Direct materials Factory overhead (including depreciation) Total cost per unit Determine the average rate of return on the equipment. If required, round to the nearest whole percent. % $51.00 Print Item 200.00 34.60 $285.60 Q☆☆口 Coming December 9th - 16h Love and Monsters-Watch the tra 00 Dec 8 2:28 X
eBook Show Me How 1000TLUcator=&inprogress=false C Average Rate of Return-New Product Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to generate additional annual sales of 6,200 units at $297 per unit. The equipment has a cost of $691,900, residual value of $52,100, and an 8- year life. The equipment can only be used to manufacture the phone. The cost to manufacture the phone follows: Cost per unit: Direct labor Direct materials Factory overhead (including depreciation) Total cost per unit Determine the average rate of return on the equipment. If required, round to the nearest whole percent. % $51.00 Print Item 200.00 34.60 $285.60 Q☆☆口 Coming December 9th - 16h Love and Monsters-Watch the tra 00 Dec 8 2:28 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TuleAssignmentSession Locator=&inprogress-false
Show Me How
0
Print Item
Average Rate of Return-New Product
Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to
generate additional annual sales of 6,200 units at $297 per unit. The equipment has a cost of $691,900, residual value of $52,100, and an 8-
year life. The equipment can only be used to manufacture the phone. The cost to manufacture the phone follows:
Cost per unit:
Direct labor
Direct materials
Factory overhead (including depreciation)
Total cost per unit
Determine the average rate of return on the equipment. If required, round to the nearest whole percent.
%
$51.00
200.00
34.60
$285.60
+
Coming December 9th - 16h
Love and Monsters-Watch the tra
00
Dec 8
V
ARK
2:28
0
X
:
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