Garcia Company sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, variable overhead of $61, and variable selling, general, and administrative costs of $19. The company has fixed overhead costs of $667,000 and fixed selling, general, and administrative costs of $145,000. It expects to produce and sell 11,600 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price per unit

Garcia Company sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, variable overhead of $61, and variable selling, general, and administrative costs of $19. The company has fixed overhead costs of $667,000 and fixed selling, general, and administrative costs of $145,000. It expects to produce and sell 11,600 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price per unit

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 58P: Polaris Inc. manufactures two types of metal stampings for the automobile industry: door handles and...

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Garcia Company sells snowboards. Each snowboard requires direct materials of $111, direct labor of $41, variable overhead of $56, and variable selling, general, and administrative costs of $14. The company has fixed overhead costs of $657,000 and fixed selling, general, and administrative costs of $120,000. It expects to produce and sell 11,100 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price per und
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Garcia Co. sells snowboards. Each snowboard requires direct materials for $119, direct labor for $49, and variable overhead of $64. The company expects fixed overhead costs of $673,000 and fixed selling and administrative costs of $160,000 for the next year. It expects to produce and sell 11,900 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 15% of the total cost?
Ans
Garcia Co. sells snowboards. Each snowboard requires direct materials of $105, direct labor of $35, and variable overhead of $50. The company expects fixed overhead costs of $645,000 and fixed selling and administrative costs of $111,000 for the next year. It expects to produce and sell 10,500 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 15% of total cost? (Round your answer to 2 decimal places.) Selling Price _____________ Per Unit