What should its selling price be

Assignment Help Cost Accounting
Reference no: EM132924091

Question - In 2019, Frieda Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per unit. The company needed to sell 17,600units last year in order to breakeven. The net after-tax income last year was Php4,435.20 subjected to a tax rate of 30%. Frieda's expects that sales price will increase to Php12.00, variable manufacturing costs will increase by 1/2 and that fixed costs will increase by 8%. If Frieda desires to maintain the same contribution margin rate as last year, what should its selling price be in 2019?

Reference no: EM132924091

Questions Cloud

How do standards and regulations influence or support : How Do These Standards and Regulations Influence or Support Ethical Principles, and Influence Patient Care and Nursing Practice?
Make reports when products and services : Demonstrate the following task: Make reports when products and services do not meet the required quality standards.
What is the initial carrying amount of the loan receivable : In addition, National Bank charged Abbo Company a 4-point nonrefundable loan origination fee. What is the initial carrying amount of the loan receivable
Are three comolexity measures intercorrelated : Are three comolexity measures intercorrelated? Discuss
What should its selling price be : If Frieda desires to maintain the same contribution margin rate as last year, what should its selling price be in 2019
Select appropriate nursing interventions for clients : Patient and family education is important in increasing adherence. Select appropriate nursing interventions for clients with lower gastrointestinal disorders.
What is the carrying amount of notes receivable : The market interest rate for similar notes on December 31, 2021 was 8%. What is the carrying amount of notes receivable on December 31, 2021
Identify key traditions and ideas influencing our culture : Identify key traditions and ideas influencing our culture. For this assessment task, you will be required to outline how the study of Humanities enables.
What is the approximate price of a bond : What is the approximate price of a bond if the par value is $1000, annual coupon interest rate is 9%, the bond matures in 20 years

Reviews

Write a Review

Cost Accounting Questions & Answers

  Schedule of Expected Cash Collections for November

The November beginning balance in the accounts receivable account is $68,000. Schedule of Expected Cash Collections for November and December

  What is the total manufacturing overhead application rate

What is the total manufacturing overhead application rate if the Relevant Company has to operate at 80 percent of the stated capacity?

  Determine the total variable cost is closest to

If 6,000 units are sold, the total variable cost is closest to? Variable manufacturing overhead $1.55. Variable administrative expense $0.85

  What is the function of the indian reserve bank

What is the function of the Indian Reserve Bank, with reference to credit control measures?

  Find gross profit and fifo and lifo

SHOE INVENTORY FINAL,Find gross profit, fifo and lifo. Beginning Inventory 2,000 Pairs @ $20 each, Purchase, Sale on Account,Sale on Account.

  Statement through gross profit for the month of may 2012

Journalize the transactions using a perpetual inventory system and post the transactions to T accounts. Be sure to enter the beginning cash and common stock balances.

  Identify and list the various costs-fixed and variable

Summarize company and explain CVP and Capital budgeting. Identify and list various costs-fixed and variable, direct and indirect-required to execute project.

  What is the total amount of indirect manufacturing costs

If 6,000 units are produced, what is the total amount of indirect manufacturing costs incurred?Variable manufacturing overhead $1.55

  Compute the net effect on operating income of the two change

Compute the net effect on operating income of the two changes made regarding fixed factory overhead. Is it ethical for Bob to make the changes?

  Allocate the joint cost to all three products

Allocate the joint cost to all three products using weighted average method. SEAJOHN Oil Refinery processes three products named as DIESEL, PETROL

  What is the cost per unit for paychecks processed

What is the cost per unit for paychecks processed, customer accounts maintained, and special analyses performed and what are the accounting department's estimated costs of doing business using the account analysis approach?

  What is the annual rental value

Han Products manufactures 37,500 units of part S-6 each year for use on its production line. What is the annual rental value

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd