Based on the data presented in Exercise 12-15, assume that MyPhone Inc. uses the product cost concept
Question:
(a) Determine the total manufacturing costs and the cost amount per unit for the production and sale of 5,000 units of cellular phones.
(b) Determine the product cost markup percentage (rounded to two decimal places) for cellular phones.
(c) Determine the selling price of cellular phones. Round to the nearest dollar.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Total manufacturing costs Variable 210 5000 units 1050000 Fixed factory overhead 215000 Total 12...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
