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Vadim26 [7]
2 years ago
6

Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expe

cts to sell 6420 units. Additional information is as follows: Variable product cost per unit $ 23​ Variable administrative cost per unit 25​ Total fixed overhead 46,500​ Total fixed administrative 30,540​ Using the total cost method what price should Galla charge?
Business
1 answer:
saveliy_v [14]2 years ago
8 0

Answer:

The price Galla should charge is $75

Explanation:

Solution

Now

The total cost = variable product cost + variable administrative cost + fixed overhead + fixed administrative

= ($23 * 6,420) + ($25 * 6,420) + $46,500 + $30,540

= $147,660 + $160,500 + $46,500 + $30,540

= $385,200

Thus,

The total cost per unit = Total cost / units

= $385,200 / 6,420 units

= $60

Hence

The selling price should charge = Cost per unit * 1.25

= $60 * 1.25

= $75

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Answer:

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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:
Gnoma [55]

Answer and Explanation:

The calculations are given below:

1. Total current assets

we know that

Current ratio = Current assets ÷ current liabilities

where,

Current liabilities  is

= Accounts payable + Accrued interest + Salaries payable

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And,

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So,

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b.  Short term investment is

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c. Now retained earning is

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= Total assets - Total liabilities  - Paid in capital

= $267,200 - $105,000 - $140,000

= $22,200

4 0
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