17. Minden Company estimates that the following costs and activity would be associated with the manufacture and sale of Product A: Number of units sold annually Required investment in assets 40,000 P 800,000 Cost to manufacture one unit P 25 Selling and administrative expenses-annual P 600,000

17. Minden Company estimates that the following costs and activity would be associated with the manufacture and sale of Product A: Number of units sold annually Required investment in assets 40,000 P 800,000 Cost to manufacture one unit P 25 Selling and administrative expenses-annual P 600,000

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

17 ANSWER PLS

17. Minden Company estimates that the following costs and activity would be associated with the manufacture and sale
of Product A:
Number of units sold annually
40,000
Required investment in assets
P 800,000
Cost to manufacture one unit
P
25
Selling and administrative expenses-annual
P 600,000
If the company uses the absorption approach to cost-plus pricing and desires a 15% ROI, the required mark-up for
Product A would be:
a. 12%
b. 15%
c. 60%
d. Cannot be determined
e. None of the choices

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