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Determine the lowest price the firm can bid

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Question - Marikina Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces. The company's costs per pair of boots are as follows:

Direct material $8 Direct labor 6 Variable overhead 3 Variable selling cost (commission) 3 Fixed overhead (allocated) 2 Fixed selling and administrative cost 1

Assuming that there would be no commission on this potential sale, determine the lowest price the firm can bid is some price greater than?

Reference no: EM132886848

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