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The following costs have been estimated based on sales of 31,200 units: Total Annual Costs Percent That Is Variable Direct materials $ 352,800 100 %
The following costs have been estimated based on sales of 31,200 units:
| Total Annual Costs | Percent That Is Variable | ||||
| Direct materials | $ | 352,800 | 100 | % | |
| Direct labor | 263,500 | 100 | % | ||
| Manufacturing overhead | 262,000 | 50 | % | ||
| Selling and administrative | 162,000 | 25 | % | ||
What selling price (rounded to two decimal places) will yield a contribution margin of 40%?
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Financial Accounting
Authors: John Stittle, Robert Wearing
1st Edition
1412935024, 9781412935029
