Estimate the unit selling price of an item for which the following data is available. Labor 10 hours at $48/hr Overhead 170% of labor Material Costs $64 each Packing Costs 20% of labor Subcontract Cost $13 each 25% of selling price 50% of selling price Sales Commission Profit O $5876.00 each

Estimate the unit selling price of an item for which the following data is available. Labor 10 hours at $48/hr Overhead 170% of labor Material Costs $64 each Packing Costs 20% of labor Subcontract Cost $13 each 25% of selling price 50% of selling price Sales Commission Profit O $5876.00 each

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Estimate the unit selling price of an item for which the following data is available.
Labor
10 hours at $48/hr
Overhead
170% of labor
Material Costs
$64 each
Packing Costs
20% of labor
Subcontract Cost
$13 each
25% of selling price
50% of selling price
Sales Commission
Profit
$5876.00 each
$6096.00 each
$367.25 each
$2612.00 each

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