Question
Garcia Company sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, variable overhead of $61, and variable selling, general, and administrative
Garcia Company sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, variable overhead of $61, and variable selling, general, and administrative costs of $19. The company has fixed overhead costs of $667,000 and fixed selling, general, and administrative costs of $145,000. It expects to produce and sell 11,600 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) The answer 322 is incorrect.
Garcia Company sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, variable overhead of $61, and variable selling, general, and administrative costs of $19. The company has fixed overhead costs of $667,000 and fixed selling, general, and administrative costs of $145,000. It expects to produce and sell 11,600 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price per unit
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