Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the market price for a product has been $50 per un

The market price for a product has been $50 per unit, but competitive pressures have...

70.2K

Verified Solution

Question

Accounting

The market price for a product has been $50 per unit, but competitive pressures have reduced the market price to $45. The firm manufactures 10,000 of these products per year at a manufacturing cost of $38 per unit (including $22 fixed cost and $16 variable cost per unit). Other selling and administrative costs for the product are $8 per unit.
The firm ignores competitive prices because it has a differentiated product. It uses life-cycle cost-based pricing with a 10% markup. What is the firms price? (Round your answer to 2 decimal places.)

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!
Become a Member

Other questions asked by students

Q

Describe and discuss the concepts of prejudice and discrimination.

Psychology
Q

Management: Comment why you believe that cross-functional teams are primary components for most of the organizations?...

General Management
Q

What is this lichen an example of? A. biodiversity B. pioneer species C. climax soil

Biology
Q

Westville Company manufactures two models of its mirrors the concave and the convex The concave...

Basic Math
Q

The region R in the first quadrant of the zy plane is bounded by the...

Calculus
Q

11 The standard deviation of the number of homes sold last year by a group...

Algebra
Q

Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and...

Accounting
Q

Drake, Incorporated, which has fixed costs of $2,537,600, sells three products whose sales price, variable...

Accounting
Q

Accounting
Q

Given the following information about company Renova, calculate its Altman Z score and draw the...

Accounting
Q

If it is a cat then it's a mammal. Determine the kind of conditionality:...

Accounting
Q

Presidio, Inc. produces one model of mountain bike. Partial information for the company follows:

Accounting