Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin
Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 32,000 phones. Additional Information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 77 52 87,888 73,000 Using the total cost method what price should Pinkin charge? Multiple Choice $160.10 O O $167.50 O $13410 o $147.66 $166.25 Galla Inc. operates in a highly competitive market where the market price for its product is $188 per unit. Galla desires a $21 profit per unit. Galla expects to sell 6.800 units. Additional Information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 21 16 63,000 36,000 Using target costing, what is the target cost? Multiple Choice $135.00 $172.00 d $130.00 $151.00 d $167.00 Pauley Company needs to determine a markup for a new product. Pauley expects to sell 18.000 units and wants a target profit of $17 per unit. Additional Information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 17 12 16,500 69,000 Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice O J 68% 8796 O 75% o 74%
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