Marigold Corporation makes a commercial-grade cooking griddle. The following information is available for Marigold Corporation's...
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Accounting
Marigold Corporation makes a commercial-grade cooking griddle. The following information is available for Marigold Corporation's anticipated annual volume of 32,900 units.
Per Unit
Total
Direct materials
$18
Direct labor
$5
Variable manufacturing overhead
$13
Fixed manufacturing overhead
$394,800
Variable selling and administrative expenses
$7
Fixed selling and administrative expenses
$164,500
The company uses a 45% markup percentage on total cost.
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