Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 30,000 phones.
Additional information is as follows:
Variable Costs per Unit Fixed Costs (total) Direct materials $ 15 Overhead $ 85,000 Direct labor 40 General and administrative 65,000 Overhead 20 General and administrative 50 Using the total cost method what price should Pinkin charge?
156.60
162.50
130.10
142.50
161.25
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
