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Question - Aldean Company wants to use absorption cost-plus pricing to set the selling price on a new product. The company plans to invest $290,000 in operating assets to produce and sell 29,000 units. Its required return on investment (ROI) in its operating assets is 18%. The accounting department has provided cost estimates for the new product as shown below:
Per Unit
Direct materials $9.00
Direct labor $7.00
Variable manufacturing overhead $4.00
Fixed manufacturing overhead
Variable selling and administrative expenses $3.00
Fixed selling and administrative expenses
Required -
1. What is the unit product cost for the new product?
2. What is the mark-up percentage on absorption cost for the new product?
3. What selling price would the company establish for its new product using a mark-up percentage on absorption cost?
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