Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Given the following data (based on 15,000 units produced and sold per month): direct materials, P8; direct labor, P7; variable overhead, P2; and variable
1. Given the following data (based on 15,000 units produced and sold per month): direct materials, P8; direct labor, P7; variable overhead, P2; and variable selling, P3. Fixed overhead costs totals P15,000 per month and fixed selling and administrative expenses total P30,000 per month. If the company uses the absorption approach to pricing and desires a 50% mark-up, the target selling price per unit would be a. P34.50 b. P33.50 c. P27.00 d. P23.00 e. None of these; answer is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started