Concord Corporation has gathered the following information concerning one model of shoVariable manufacturing costs$38000Variable selling and administrative$36000costsFixed manufacturing costs$160000Fixed selling and administrative costs $120000Investment$1500000ROI30%Planned production and sales6000 pairsWhat is the total cost per pair of shoes?W O $59O $85O $33O $122

Total cost = Production cost+ Non- Production cost Total number of units= 6000 units Cost per pair…

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What is the total cost per pair of shoes? O $59 O $85 O $33 O $122

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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Question

Concord Corporation has gathered the following information concerning one model of sho
Variable manufacturing costs
$38000
Variable selling and administrative
$36000
costs
Fixed manufacturing costs
$160000
Fixed selling and administrative costs $120000
Investment
$1500000
ROI
30%
Planned production and sales
6000 pairs
What is the total cost per pair of shoes?
W O $59
O $85
O $33
O $122

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