Required information Eckert Company uses the absorption costing approach to cost plus pricing to set prices for ts products. Based on budgeted sales of 18.000 units next year, the unit product cost of a particular product is $60.40. The company's sing general, and administrative expenses for this product are budgeted to be $370.800 in total for the year The company has vested $260.000 in this product and expects a return on investment of 1% (Appendix 12A) The markup on absorption cost for this product would be closest to which of the following? Me Choce O O O O M4N 36.PN ALIK HON

Required information Eckert Company uses the absorption costing approach to cost plus pricing to set prices for ts products. Based on budgeted sales of 18.000 units next year, the unit product cost of a particular product is $60.40. The company's sing general, and administrative expenses for this product are budgeted to be $370.800 in total for the year The company has vested $260.000 in this product and expects a return on investment of 1% (Appendix 12A) The markup on absorption cost for this product would be closest to which of the following? Me Choce O O O O M4N 36.PN ALIK HON

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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Please complete a and b
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