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p8-7a - Name Date Instructor Course rd Managerial...

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FileName: 653fdb819d06a03d725c4e1dc1d0f0d9f56be8e2.xls, Tab: Problem P8-7A, Page 1 of 2, 12/28/2011, 19:02:11 Name: Date: Instructor: Course: Per Unit Total Direct materials $20 Direct labor $40 Variable manufacturing overhead $10 Fixed manufacturing overhead $1,400,000 Variable selling and admin expense $5 Fixed selling and admin expense $1,120,000 These costs are based on a budgeted volume of 80,000 units produced and sold each year. Fast Buck uses cost-plus pricing methods to set its target selling price. Because some managers prefer absorption pricing and others prefer variable pricing, the accounting department provides information under both approaches using a markup of 50% on absorption cost and 75% on variable costs. Instructions: Title Amount Title Amount Title Amount Title Amount Title Formula Title Formula Title Formula Text as desired. Title Amount Title Amount Title Amount Title Amount Title Formula Title Formula Title Formula Text as desired.
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