Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pinkin Inc, needs to determine a price for a new phone model. Pinkin desires a 20% markup on the total cost of the phone. Pinkin

image text in transcribed
image text in transcribed
Pinkin Inc, needs to determine a price for a new phone model. Pinkin desires a 20% markup on the total cost of the phone. Pinkin expects to sell 44,000 phones. Additional information is as follows: $ 78 Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative 92,000 84,000 Using the total cost method what price should Pinkin charge? Multiple Choice O $170.40 $163.07 Prex 1 of 15 ! Next > Multiple Choice o $170.40 o $163.07 o $157.30 o $169 20 o $142.07 Prex 1 of 15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing That Matters Case Studies

Authors: Norman David Marks

1st Edition

B089J17FFW, 979-8650160410

More Books

Students also viewed these Accounting questions