Answer to Question #117308 in Other for Sharon shreshta lal

Question #117308
ABC Limited is developing a new clothes dryer, Dry Master, that it plans to sell to coin operated laundries. Currently, the market leader is a product called Dry Well, which is sold by a competitor. The management accountant of the company is doing a market research to determine appropriate selling price for the new clothes dryer. The management accountant gathered the following information regarding the cost of developing 400 new cloth dryer. Variable Costs: Manufacturing $194,000 Sales Commission $20,000 Total Variable Cost $214,000 Fixed Cost Allocated Manufacturing $130,000 Total Fixed Cost $130,000 Total Cost $344,000 Management decided that the required markup is 30%. Required: 1.Calculate the selling price if the company decides to use absorption cost and calculate the selling price if the company decides to price total variable cost.
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Expert's answer
2020-05-20T02:06:33-0400
Dear Sharon shreshta lal, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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