Corporation produc area rugs. The following per unit overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $7. Using a 35% markup on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $19, direct labor $6, variable manufacturing overhead $3, fixed manufacturing
overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $7. Using a 35% markup on total per unit cost, compute the target selling price.
(Round answer to 2 decimal places, e.g. 10.50.)
Target selling price $
Transcribed Image Text:Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $19, direct labor $6, variable manufacturing overhead $3, fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $7. Using a 35% markup on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price $
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