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Please answer the pricing part at the bottom which is currently blank. * Question 1 Skysong Wheels manufactures personalized wagons for toddlers. Each wagon goes
Please answer the pricing part at the bottom which is currently blank.
* Question 1 Skysong Wheels manufactures personalized wagons for toddlers. Each wagon goes through a woodworking process, painting, and assembly. Skysong Wheels produces and sells 6,900 wagons per year. Skysong Wheels' owners have invested $54,000 in the business and desire a return of 14%. Skysong Wheels costs include Variable Fixed $ 207,690 per year $ 27,600 per year $ 41 per wagon Direct labour services Office staff Materials Supplies Marketing Overhead $ 3.40 per wagon $ 1.40 per wagon $ $ $ 4,140 per year 2,070 per year 690 per year The selling and administrative costs should include supplies. * Question 1 Your answer is correct. Determine the mark-up percentage using (Round all entries to 2 decimal places, e.g. 15.25%.) Mark-up percentage 1. Absorption cost-based pricing 12.94 % % 179.03 2. Variable cost-based pricing 3. Total cost-based pricing 11.35 % Attempts: 2 of 3 used * Question 1 Determine the selling price for each mark-up percentage calculated in previous part. (Round all entries to 2 decimal places, e.g. 15.25.) Selling price 1. Absorption cost-based pricing $ 2. Variable cost-based pricing $ 3. Total cost-based pricing $ Attempts: 0 of 3 usedStep by Step Solution
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