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A manufacturer reports the following information on its product: Direct materials cost: $48 per unit Direct labor cost: $14.50 per unit Variable overhead cost: $7.10 per unit Fixed overhead cost: $3.40 per unit Target markup: 40% Compute the target selling price per unit under absorption costing.

A manufacturer reports the following information on its product: Direct materials cost: $48 per unit Direct labor cost: $14.50 per unit Variable overhead cost: $7.10 per unit Fixed overhead cost: $3.40 per unit Target markup: 40% Compute the target selling price per unit under absorption costing.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the target selling price per unit under absorption costing

A manufacturer reports the following information on its product: Direct materials cost: $48 per unit Direct labor cost: $14.50 per unit Variable overhead cost: $7.10 per unit Fixed overhead cost: $3.40 per unit Target markup: 40% Compute the target selling price per unit under absorption costing.
Transcribed Image Text:A manufacturer reports the following information on its product: Direct materials cost: $48 per unit Direct labor cost: $14.50 per unit Variable overhead cost: $7.10 per unit Fixed overhead cost: $3.40 per unit Target markup: 40% Compute the target selling price per unit under absorption costing.
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