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Find the selling price based on the absorption costing

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Reference no: EM132514605

Toyota Company makes a product with the following costs:

Per Unit                                                   Per Year

Direct materials                                  $18.80

Direct labor                                         $16.20

Variable manufacturing overhead             $ 4.10

Fixed manufacturing overhead                      $941,200

Variable selling and administrative expenses       $ 3.60

Fixed selling and administrative expenses           $920,400

  • The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 52,000 units per year. The company has invested $420,000 in this product and expects a return on investment of 8%. Direct labor is a variable cost in this company.

Question 1: The selling price based on the absorption costing approach is closest to:

Reference no: EM132514605

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