Business, 15.04.2020 01:27 aubrey1161
Gibson Company, which produces and sells a small digital clock, bases its pricing strategy on a 25 percent markup on total cost. Based on annual production costs for 12,000 units of product, computations for the sales price per clock follow: Unit-level costs $ 276,000 Fixed costs 60,000 Total cost (a) 336,000 Markup (a × 0.25) 84,000 Total sales (b) $ 420,000 Sales price per unit (b ÷ 12,000) $ 35 Required Gibson has excess capacity and receives a special order for 7,000 clocks for $28 each. Calculate the contribution margin per unit. Based on this, should Gibson accept the special order? Prepare a contribution margin income statement for the special order.
Answers: 1
Business, 22.06.2019 11:30, glowbaby123
Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600
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Business, 23.06.2019 13:00, saltytaetae
What three important pieces of information can we learn by reading a production possibilities gragh?
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Gibson Company, which produces and sells a small digital clock, bases its pricing strategy on a 25 p...
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