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Compute what price company charge for one inch drill

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Reference no: EM132658176

Smith and Company manufacture one inch drills which sell for $15 per unit in the wholesale market. Last year they manufactured and sold 5000 units and incurred the following cost:

Direct materials........................$25,000
Direct labor................................$17,500
Indirect materials......................$9,000
Manufacturing overhead... $16,000

Question 1: It is Top management policy to maintain the present gross margin percentage. What price should the company charge for its one inch drill if sales are expected to go up to 7000units and $9600 of Manufacturing overhead is fixed.

Question 2: Determine the gross margin for 5000 units that sell for $15 per unit , you will first have to find following

  • Direct Materials
  • Direct Labor
  • Indirect Materials
  • Manufacturing Overhead

Question 3: Determine the following for selling 7000 units

  • Direct materials
  • Direct Labor
  • Indirect Materials
  • Manufacturing Overhead

Question 4: Determine Gross Margin

Reference no: EM132658176

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