Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TB MC Qu. 10-112 (Algo) Pinkin Incorporated needs to determine a price. Pinkin Incorporated needs to determine a price for a new phone model. Pinkin
TB MC Qu. 10-112 (Algo) Pinkin Incorporated needs to determine a price.
Pinkin Incorporated 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 30,000 phones. Additional information is as follows:
Variable Costs per Unit
Direct materials
Direct labor
Overhead
General and administrative
Fixed Costs (total)
$
22 Overhead
47
General and administrative
27
157
$ 85,000
65,000
Using the total cost method what price should Pinkin charge?
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