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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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A new product made from recycled bio-plastics needs 25 labor hours to complete the build for the first unit. If production opera
Zigmanuir [339]

Answer:

166.25 hours

Explanation:

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We do this like this:

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Hope this clears everything. Thankyou.

7 0
3 years ago
On January 1, $5,000,000, 10-year, 10% bonds were issued at $5,200,000. Interest is paid annually each January 1. The straight-l
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Answer:

$20,000 premium is amortized at the end of the first year.

Explanation:

Straight line amortization:

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