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Lala Corporation manufactures frames. It costs $200 to manufacture each picture frame, $50 to market each picture frame, and $30 to ship each picture frame
- Lala Corporation manufactures frames. It costs $200 to manufacture each picture frame, $50 to market each picture frame, and $30 to ship each picture frame to customers. Research and developments costs are allocated at $40 per unit. Lala Corporation plans to use cost-plus pricing. Calculate the prospective selling price:
- if Lala Corporation marks up the manufacturing cost of the picture frames by 60% and
- if Lala Corporation marks up the full cost of the picture frames by 10%. Show your workings.
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