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QS 23-16 (Static) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires di and variable selling, general, and administrative costs of $3. The general, and administrative costs of $85,000. It expects to prod What is the selling price per unit if Garcia uses a markup of 20% Selling price 288 per unit

QS 23-16 (Static) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires di and variable selling, general, and administrative costs of $3. The general, and administrative costs of $85,000. It expects to prod What is the selling price per unit if Garcia uses a markup of 20% Selling price 288 per unit

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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Saved QS 23-16 (Static) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, variable overhead of $45. and variable selling, general, and administrative costs of $3. The company has fixed overhead costs of $635,000 and fixed selling. general, and administrative costs of $85,000. It expects to produce and sell 10,000 snowboards What is the selling price per unit if Garcia uses a markup of 20% of total cost? Selling price S 288 per unit
Transcribed Image Text:Saved QS 23-16 (Static) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, variable overhead of $45. and variable selling, general, and administrative costs of $3. The company has fixed overhead costs of $635,000 and fixed selling. general, and administrative costs of $85,000. It expects to produce and sell 10,000 snowboards What is the selling price per unit if Garcia uses a markup of 20% of total cost? Selling price S 288 per unit
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