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Use the following given in determining the selling price per unit given the markup ratio provided (round your answers to 2 decimal places) 50% based
Use the following given in determining the selling price per unit given the markup ratio provided (round your answers to 2 decimal places)
- 50% based on conversion costs*
- 40% based on full production costs
- 45% based on variable production costs
- 30% based on total (full) costs
- 35% based on total variable costs
- 60% based on prime costs
Integrity Company's cost structure for a certain item at a level of 20,000 units per month is as follows: Manufacturing costs: Direct materials P 1.00 Direct labor 1.20 Variable indirect cost 0.80 Fixed indirect cost 0.50 Selling and others: Variable 1.50 Fixed 0.90
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To determine the selling price per unit for Integrity Companys item at a production level of 20000 u...
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