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Slocum Company has determined the following information about a new product. The manufacturing process used...

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Accounting

Slocum Company has determined the following information about a new product. The manufacturing process used for the product is very complex and it has a higher proportion of indirect costs than direct costs. The company wants a 100% markup on cost. The following data is available: (SHOW WORK )

Product cost according to traditional costing system $4.00 per unit Product cost according to activity-based costing system $7.00 per unit

What price per unit should Slocum Company use for this new product? A) $4.00 B) $7.00 C) $8.00 D) $14.00

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