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How much should the two drawer cabinet be priced

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Reference no: EM132483981

Metal Cabinet, Inc. produces two types of filing cabinets. Material costs for the two drawer model are $75. The four-drawer model contains $130 of material.

Their estimated monthly conversion costs follow:

Sheet Metal Cutting

I

Assembly

I

Painting

Labor Costs

 

$40,000

 

 

$28,000

 

 

$42,000

 

 

$5,0001

Handling Costs

 

510,000

 

 

$14,000

Maintenance Costs

 

$5,000

$2,000

$50001

Power Costs

 

$2,000

$2,000

$3,000

Depreciation Expenses

 

$4,000

$2,000

$8,000

General Expenses

 

$3,000

 

 

$2,000

$20001

 

 

 

 

 

Total Hours During the Period

 

3,200

I

 

1,000

5,000 I

 

 

 

I

 

 

I

 

 

Hours required for the Two Drawer Cabinet

3

 

 

1

 

 

2

 

Hours required for the Four Drawer Cabinet

5

 

 

2

 

 

3

 

Question 1: How much should the two drawer cabinet be priced if markup is 50% of cost?

a. $211

b. $369

c. $316.50

d. $553.50

Question 2: How much should the four drawer cabinet be priced if markup is 50% of cost?

a. $211

b. $369

c. $316.50

d. $553.50

Reference no: EM132483981

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