Based on budgeted sales of 29,000 units next year, the unit product cost of a particular product is $62.60. The company's selling and administrative expenses for this product are budgeted to be $827,200 in total for the year. The company has invested $550,000 in this product and expects a return on investment of 12%. The selling price for this product based on the absorption costing approach would be closest to:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Based on budgeted sales of 29,000 units next year, the unit product cost of a particular product is $62.60. The company's selling and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements correctly describes the accounting for bonds that were issued at a discount? The present value of the bonds' future cash flows is greater than the bonds' maturity value.
Answers (1)
Crocker and Company (CC) is a C corporation. For the year, CC reported taxable income of $550,000. At the end of the year, CC distributed all its after-tax earnings to Jimmy, the company's sole shareholder.
Answers (1)
Your hospital is planning neonatal resuscitation program training and trying to decide who should be included. for every delivery, who should be available?
Answers (1)
A company reports the following amount in its December 31, Year 1, income statement. Sales revenue $ 275,000 Income tax expense $ 25,000 Non-operating revenue 105,000 Cost of goods sold 185,000 Selling expenses 55,000 Administrative expenses 35,000
Answers (1)
Suppose the U. S. and Japan can both produce airplanes and televisions and the U. S. has acomparative advantage in the production of airplanes while Japan has a comparative advantage in theproduction of televisions. Also suppose the U. S.
Answers (1)
New Questions in Business
When the federal funds rate increases, banks make: (a) fewer loans to ensure they do not run low on reserves. (b) fewer loans so they can worry less about borrowing reserves. (c) more loans so they can worry less about borrowing reserves.
Answers (1)
Potential real gdp = $200 billion natural rate of unemployment = 6 percent actual rate of unemployment = 12 percent refer to the accompanying data, which is for a specific year in a hypothetical economy for which okun's law is applicable.
Answers (1)
Assume that a $1,000 bond issued in 2015 pays $100 in interest each year. What is the current yield on the bond if it can be purchased for $1,200? Enter your answer in percent form and to one decimal place. For example, if your answer is 0.034 (3.
Answers (1)
Flex Co. just paid total dividends of $975,000 and reported additions to retained earnings of $2,925,000. The company has 675,000 shares of stock outstanding and a benchmark PE of 16.9 times. What stock price would you consider appropriate?
Answers (1)
Improving performance and striving for a better career is an example of ...
Answers (1)