LUSidte Manangerial Aecunting, 7e 8-3 Leno Company makes swimsuits and sells the

Question

LUSidte Manangerial Aecunting, 7e 8-3 Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that sell for approximately $105. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead $29 tudy 45 Total costs $101 Assume that Leno uses cost-plus pricing, (Round answer to 2 decimal places, e.g. 10.50.) setting the selling price 22% above its costs, what would be the price charged for the All-Body swimsuit? Selling price

Explanation / Answer

Selling price = Total costs+Markup on cost=101+(101*22%)= $123.22

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.