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Compute the selling price per doll

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Reference no: EM132918126

Questions -

Q1. Conversion Cost Pricing - Assume the following data for Arman's:

Materials

Direct P12.35

Indirect 9.95

Labor

Direct 10.25

Indirect 6.65

Selling and administrative 8.99

Desired mark-on 25%

Required - How much will Arman's sell its products if conversion cost pricing is adopted?

Q2. Full-Cost Pricing - June-Dine, Inc. manufactures Mppl Lester dolls. Each doll costs P35.45 broken down as follows:

Direct materials P 20.45

Direct labor 5.50

Variable overhead 2.00

Fixed overhead 3.25

Variable selling and administrative 3.00

Fixed selling and administrative 1.25

Total cost per unit P 35.45

Required -

1. Compute the selling price per doll if June-Dine decides a 12.5% mark-up on full cost.

2. How will your answer vary if mark-up is based on full production cost? Prime cost?

Reference no: EM132918126

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