Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello I know these are two questions but I would appreciate it greatly and i promise to thumbs up Oriole Company has developed a new
Hello I know these are two questions but I would appreciate it greatly and i promise to thumbs up
Oriole Company has developed a new product, egg crates that prevent breakage. The cost per crate is $40 and the company expects to sell 1000 crates per year. Oriole Company has invested $1030000 in equipment to produce the crates and desires a 10% return on investment. What is Oriole Company's selling price for one egg crate? $110 O $143 O $100 O $243 The following data are available for Sheridan Repair Shop for 2022: Repair technician's wages $180000 Fringe benefits 55000 Overhead 90000 Total $325000 The desired profit margin is $17 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 5000 labour hours will be worked in 2022. Sheridan labour charge in 2022 would be O $64. O $47. $65. O $82Step 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