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Svetach [21]
3 years ago
11

QS 23-16 Product pricing LO P6 Garcia Co. sells snowboards. Each snowboard requires direct materials of $122, direct labor of $5

2, and variable overhead of $67. The company expects fixed overhead costs of $679,000 and fixed selling and administrative costs of $114,000 for the next year. It expects to produce and sell 12,200 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 10% of total cost
Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

Selling price= $336.6

Explanation:

Giving the following information:

Variable costs:

direct materials= $122

direct labor= $52

variable overhead= $67

Total unitary variable cost= $241

Total fixed costs= 679,000 + 114,000= $793,000

<u>First, we need to calculate the total unitary cost:</u>

Total unitary cost= (793,000/12,200) + 241

Total unitary cost= $306

<u>Now, the selling price:</u>

Selling price= 306*1.1

Selling price= $336.6

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6 0
3 years ago
The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2
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Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

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Selling price= $28 per unit.

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8 0
3 years ago
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Answer:

Annual deposit= $2,803.09

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<u>First, we need to calculate the monetary value at retirement:</u>

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