Please help me with my accounting hw I am having issues finding the correct answer for this problem. Please and thank you for helping me.Williams Inc. produces a single product. a part used in the manufacture of automobile transmissions. Known for its quality andperformance, the part is sold to luxury auto manufacturers around the world. Because this is a quality product, Williams has some?exibility in pricing the part. The firm calculates the price using a variety of pricing methods and then chooses the final price based onthat information and other strategic information. A summary of the key cost information follows. Williams expects to manufacture andsell 50,000 parts in the coming year. While the demand for Iir’il’illiamss part has been growing in the past 2 years, management is notonly aware of the cyclical nature of the automobile industry, but also concerned about market share and profits during the industry’scurrent downturn. Total Costs Variable manufacturing 5 £1 , 630 , GODVariable selling and administrative 355 . 650Facil ity- level fixed overhead 2 , 345 , 375Fixed selling and administrative 675,495Bateb- level fixed overhead 360 , 000Total investment in product line 22 , 350 , MIDExpected sales (units) 50,000 | Required: 1. Determine the price for the part using a markup of 45% of full manufacturing cost. 2. Determine the price for the part using a markup of 25% of full life-cycle cost. 3. Determine the price for the part using a desired gross margin percentage to sales of 40%. 4. Determine the price for the part using a desired life-cycle cost margin percentage to sales of 25%. 5. Determine the price for the part using a desired before-tax return on investment of 15%. 6. Determine the total contribution margin and total operating pro?t for each of the methods in requirements 1 through 5. Complete this question by entering your answers In the tab: below. Required 1 Required 2 Required 3 Required 4- Required 5 Required 6 Determine the pr1ce for the part using a desired life-cycle cost margin percentage In HIE of 25%. (Round your intermediatecalculations and answer on 4 decimal places.)
Williams Inc. produces a single product. a part used in the manufacture of automobile transmissions. Known for its quality and performance, the part…
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