Ff.221. Sunland Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it:Direct materialsDirect labourVariable manufacturing overheadFixed manufacturing overheadVariable selling and administrative expensesFixed selling and administrative expensesPer Unit$14Target selling price $19123Total$4,060,0002,610,000These costs are based on a budgeted volume of 290,000 units produced and sold each year, Sunland uses cost-plus pricing to set itstarget selling price. The markup on the total unit cost is 20%.Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.)

Name: Ff.221. Sunland Corporation needs to set a target price for its newly
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Description: Ff.221. Sunland Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it:Direct materialsDirect labourVariable manufacturing overheadFixed manufacturing overheadVariable selling and administrati

Variable cost- It is the cost that increases with the increase in the number of production units.

Business

Accounting

Sunland Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $14 19 12 3 Total $4,060,000 2,610,000 These costs are based on a budgeted volume of 290,000 units produced and sold each year, Sunland uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 20%.

Sunland Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit $14 19 12 3 Total $4,060,000 2,610,000 These costs are based on a budgeted volume of 290,000 units produced and sold each year, Sunland uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 20%.

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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