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13 June, 22:18

Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 4000 pairs What is the total cost per pair of shoes?

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  1. 14 June, 02:15
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    The cost per pair of shoes is $84

    Explanation:

    The cost per pair of shoes=total costs/number of pairs produced

    total costs = Variable manufacturing costs + Variable selling and administrative costs+Fixed manufacturing costs + Fixed selling and administrative costs

    Variable manufacturing costs $36,000

    Variable selling and administrative costs $20000

    Fixed manufacturing costs $160000

    Fixed selling and administrative costs $120000

    total costs = $36,000+$20000+$160000 + $120000

    =$336,000.00

    number of pairs produced is 4000

    Total cost per pair of shoes=$336,000/4000

    =$84.00
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