Units in beginning inventory .. Units produced .... Units sold ..... Units in ending inventory... 20,000 19,000 1,000 ... Variable costs per unit: Direct materials . $ 50 Direct labor .. 80 Variable manufacturing overhead 20 Variable selling and administrative 10 Total variable cost per unit . $160 Fixed costs: Fixed manufacturing overhead $700,000 Fixed selling and administrative 285,000 Total fixed costs $985,000

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.