Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company uses the cost method when calculating the price of their products. They will produce a new product called Great roof. What is

 

A company uses the cost method when calculating the price of their products. They will produce a new product called "Great roof". What is the sales price calculated according to the cost method for the product "Great roof"? Information for calculating the sales price for the product "Great roof" - see left side Direct materials: 8,000 Direct salaries: 10,000 Indirect variable manufacturing costs in the production department 100,000 Indirect fixed manufacturing costs in the production department 120,000 Indirect variable costs in the sales and administration department 500,000 Indirect fixed costs in the sales and administration department 100,000 Indirect costs are distributed according to the number of units produced. budgeted units produced are 2,000 The company budgets with a profit as a percentage of cost 30% Which option is correct; 24 108 C C C 18 410 18 110 23 933 42 322

Step by Step Solution

3.52 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below ... 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

Accounting for Governmental and Nonprofit Entities

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

18th edition

1260190080, 1260190083, 978-1259917059

More Books

Students also viewed these Accounting questions

Question

How to Calculate the Regression Line

Answered: 1 week ago

Question

1. How does the idea of allostasis differ from homeostasis?

Answered: 1 week ago