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Minicase - Fairway Ltd. Fairway Ltd. (Fairway) manufactures and sells three models of golf clubs: Elite Standard: unior: Annual sales 5,000 units Annual sales 20,000
Minicase - Fairway Ltd. Fairway Ltd. (Fairway) manufactures and sells three models of golf clubs: Elite Standard: unior: Annual sales 5,000 units Annual sales 20,000 units Annual sales 50,000 units Fairway Ltd. currently estimates manufacturing overhead based on di The direct-labour wage rate is $40 per hour. The cost of each product follows: Elite $45.00 30.00 120.00 Standard $30.00 24.00 96.00 un $15.00 Direct materials Direct labour Manufacturing overhead 16.00 64.00 Total $195.00 $150.00 $95.00 Fairway's retail price for golf clubs is usually marked up at 200% of its full cost. are as below: Details Product cost Target price Actual price Elite $195.00 390.00 360.00 Standard $150.00 300.00 300.00 Junion $95.00 190.00 220.00
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