A business manufactures gardening gloves and sells to major gardening centres. The variable costs of each...
A business manufactures gardening gloves and sells to major gardening centres. The variable costs of each pair of gloves are £5.54 for materials and £9.23 for labour. Each pair of gloves currently sells for £47.90.In the coming year, production overheads are expected to be £56796, with 48014 pair of gloves produced. Overheads are absorbed on the basis of volume.
The company wishes to change to full manufacturing cost plus a mark up of 7% to remain competitive in the market.
What will be the selling price per pair of gloves using the new basis?
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through a network of retail outlets in western Canada. Below is a
partial list of expense items incurred in the most recent month
(November), when 1,130 bicycles were manufactured, shipped, and
sold. There was no beginning or ending work in process or finished
goods inventory in November:
Item
October
November
Units produced and sold
1,030
1,130
Sales
$
1,030,000
$
1,130,000
Leather used for the bicycle seats
33,990
37,290
Production manager’s...
Cycle Business manufactures and sells road and mountain bikes through a network of retail outlets in western Canada. Below is a partial list of expense items incurred in the most recent month (November), when 1,160 bicycles were manufactured, shipped, and sold. There was no beginning or ending work in process or finished goods inventory in November Item Units produced and sold Sales October November 1,060 1,160 Leather used for the bicycle seats Production manager's salary Life insurance for the company...
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