Reference no: EM132567353
Question 1: Explain market pricing, absoption, and variable costing approah for prices! Which is the best?
Question 2: IAMI Corporation manufactures a product that has the following costs:
Per Unit ($) Per Year ($)
Direct materials 330
Direct labor 600
Variable manufacturing overhead 160
Fixed manufacturing overhead 16.400.000
Variable SG&A expenses 10
Fixed SG&A expenses 400.000
The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calculations are based on budgeted production and sales of 40000, units per year. The company has invested $30000000, in this product and expects a return on investment of 30%.
Required:
a. Compute the markup on absorption cost.
b. Compute the selling price of the product using the absorption costing approach.
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: Explain market pricing, absoption, and variable costing approah for prices. Compute the selling price of the product using the absorption costing approach.
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