Question
The table below represents the costs incurred by Company ABC for producing 15,000 units of its flagship product: Cost Category Amount Direct Materials $25,000 Direct
The table below represents the costs incurred by Company ABC for producing 15,000 units of its flagship product:
Cost Category | Amount |
Direct Materials | $25,000 |
Direct Labor | $20,000 |
Manufacturing Overhead | $30,000 |
The company aims to achieve a 40% markup on the cost of production. Calculate the selling price per unit.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
