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Lily Manufacturing is in the process of setting a selling price on a new product...

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Accounting

Lily Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units.
\table[[,Per Unit,Toral],[Direct materials,$20,],[Direct labor,$25,],[Variable manufacturing overhead,$20,],[Fixed manufacturing overhead,,$275,000
Lily Manufacturing is in the process of setting a selling price on a new product it has just developed. The following data is available from the accounting department based on a budgeted volume of 100,000 units.
\table[[,Per Unit,Total],[Direct materials,$20,],[Direct labor,$25,],[Variable manufacturing overhead,$20,],[Fixed manufacturing overhead,,$275,000
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