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Using the total cost method what price should Galla charge? Multiple Choice O O $106.25 $122.00 $117.50

Using the total cost method what price should Galla charge? Multiple Choice O O $106.25 $122.00 $117.50

FINANCIAL ACCOUNTING
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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Galla Incorporated needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit Direct materials Direct labor Overhead General and administrative Using the total cost method what price should Galla charge? Multiple Choice $106.25 $122.00 $117.50 Fixed Costs (total) $20 Overhead 21 General and administrative 19 25 $ 45,000 18,000
Transcribed Image Text:Galla Incorporated needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit Direct materials Direct labor Overhead General and administrative Using the total cost method what price should Galla charge? Multiple Choice $106.25 $122.00 $117.50 Fixed Costs (total) $20 Overhead 21 General and administrative 19 25 $ 45,000 18,000
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