Question

You are going to manufacture a product which has the following cost contributors:  $ 100.25...

You are going to manufacture a product which has the following cost contributors:

 $ 100.25 materials

 $1040.10 labor

If labor overhead is 280%, material overhead is 6%, and general and administrative expenses are 38%, what would the sell price be if you wanted to make a 44% on sell price? NOTE: the labor and material costs are the totals required to make 100 units.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
An entity has the following cost components for 136,000 units of product for the year: Direct...
An entity has the following cost components for 136,000 units of product for the year: Direct Materials 350,000 Direct Labor 225,000 Manufacturing Overhead 225,000 Selling and Administrative expense 175,000. All costs are variable except for 35,000 of manufacturing overhead and 65,000 of selling and administrative expenses. The total costs to produce and sell 136,000 units for the year are:
The Janesky Company has collected data on the manufacture of 6,111 robot grippers last month. The...
The Janesky Company has collected data on the manufacture of 6,111 robot grippers last month. The breakdown of total costs is shown below. They now need to plan for future months. Units sold last month 6,111 Direct materials $277,186 Direct labor $464,081 Manufacturing variable overhead $450,231 Selling and administrative costs $170,971 What would be the break even price to produce and sell 2,033 units in the coming month?
QUESTION 18 Aaron Corporation, which has only one product, has provided the following data concerning its...
QUESTION 18 Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 90 Units in beginning inventory 0 Units produced 3,400 Units sold 3,000 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 38 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 54,400 Fixed selling and administrative expense $ 3,000 What...
Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing. The...
Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows: Variable costs:      Direct materials $2.50 Direct labor 4.25 Factory overhead 1.25 Selling and administrative expenses 0.50 Total 8.50 Fixed costs: Factory overhead $25,000 Selling and administrative expenses 17,000 Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500. a. Determine the amount of desired...
Farrow Co. expects to sell 300,000 units of its product in the next period with the...
Farrow Co. expects to sell 300,000 units of its product in the next period with the following results. Sales (300,000 units) $ 4,500,000 Costs and expenses Direct materials 600,000 Direct labor 1,200,000 Overhead 300,000 Selling expenses 450,000 Administrative expenses 771,000 Total costs and expenses 3,321,000 Net income $ 1,179,000 The company has an opportunity to sell 30,000 additional units at $13 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit...
1: Gabuat Corporation, which has only one product, has provided the following data concerning its most...
1: Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 138 Units in beginning inventory 0 Units produced 2,600 Units sold 2,310 Units in ending inventory 290 Variable costs per unit: Direct materials $ 49 Direct labor $ 27 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 6 Fixed costs: Fixed manufacturing overhead $36,400 Fixed selling and administrative expense $13,860 The total gross margin...
PLEASE DO PROBLEM Farrow Co. expects to sell 300,000 units of its product in the next...
PLEASE DO PROBLEM Farrow Co. expects to sell 300,000 units of its product in the next period with the following results. Sales (300,000 units) $ 4,500,000 Costs and expenses Direct materials 600,000 Direct labor 1,200,000 Overhead 300,000 Selling expenses 450,000 Administrative expenses 771,000 Total costs and expenses 3,321,000 Net income $ 1,179,000 The company has an opportunity to sell 30,000 additional units at $13 per unit. The additional sales would not affect its current expected sales. Direct materials and labor...
Mahugh Corporation, which has only one product, has provided the following data concerning its most recent...
Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations:      Selling price $ 186   Units in beginning inventory 0   Units produced 3,690   Units sold 3,120   Units in ending inventory 570   Variable costs per unit:   Direct materials $ 56   Direct labor $ 52   Variable manufacturing overhead $ 8   Variable selling and administrative $ 18   Fixed costs:   Fixed manufacturing overhead $ 121,770   Fixed selling and administrative $ 9,360 QUESTION: Prepare an income...
Exercise 7-8 Innova uses 1,040 units of the component IMC2 every month to manufacture one of...
Exercise 7-8 Innova uses 1,040 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $61.17 Direct labor 43.50 Overhead 126.50 Total $231.17 Overhead costs include variable material handling costs of $7.40, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable...
Hadley Corporation, which has only one product, has provided the following data concerning its most recent...
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 196 Units in beginning inventory 100 Units produced 1,680 Units sold 900 Units in ending inventory 880 Variable costs per unit: Direct materials $ 94 Direct labor $ 35 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $ 20,160 Fixed selling and administrative expense $ 20,700 What is the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT