The cost and production data in 2006 for a manufacturing company
in Tennessee is provided in the table below. The selling
price is fixed adding a 40% mark- up on the production cost. The
selling price/unit is equal to?
Homework Answers
The total product cost = Material and Parts cost + Labor costs + overhead cost
= 1,500,000 + 2,000,000 + 2,500,000
= 6,000,000
Now, the product cost per unit of product (before applying the markup value) = 6,000,000 / 500,000
= 12
Selling price = 6,000,000 + 40% of 6,000,000
= 8,400,000
Answer : The selling price per unit = (8,400,000 / 500,000) = 16.8
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The cost and production data in 2006 for a manufacturing company
in Tennessee is provided in...
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