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Inga [223]
2 years ago
11

Garcia Co. sells snowboards. Each snowboard requires direct materials of $113, direct labor of $43, and variable overhead of $58

. The company expects fixed overhead costs of $661,000 and fixed selling and administrative costs of $130,000 for the next year. It expects to produce and sell 11,300 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 15% of total cost
Business
1 answer:
lubasha [3.4K]2 years ago
6 0

Answer:

See

Explanation:

Total cost of 11,300 snow balls

Per unit total =

Direct material = $113 × 100

Direct labor = $43 × 262.79

Variable overhead = $58 × 194.82

Fixed overhead = $661,000

Total cost of 11,300 snow balls $2,700,000

Cost of 1 snow ball = Total cost of 11,300 snow balls / Total number of snowballs

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<h3>Transaction Analysis:</h3>

1. Understatement of a check for the electric bill by $200 ($220 - $20)

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Adam, Ben and Erica are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balance
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Answer:

Adam = $41,000 , Ben = $31,000 , Erica =$20,000

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Add: Cash received from sale of   <u>$50,000</u>

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