An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of a given product. the vice president has asked you to prepare a cost estimate. the number of hours required to produce a unit is 8. the average labor rate is $17 per hour. the materials cost $14 per unit. overhead for an additional 100 units is estimated at 30% of the direct labor cost. if the company wants to have a 40% profit margin, what should be the price to quote for 100 units?

Price=  $267,12

Explanation:

In base of the following information, we need to calculate the price of 100 units:

- Q=100

- The number of hours required to produce a unit is 8. The average labor rate is $17 per hour.

- The materials cost $14 per unit.

- Overhead for an additional 100 units is estimated at 30% of the direct labor cost.

Total direct labor= (8hs*$17)*100= $13600

Total direct material= $14*100= $1400

Manufactured overhead= (0,30*13600)= $4080

Total cost= 13600 + 1400 + 4080= $19080

Cost of unit= 19080/100= $190,8

Profit= 40%

Price= $190,8*1,40= $267,12

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol

answer$225.00;