The costs of manufacturing horizontal fixed-mount barcode scanners are as follows: Cost Elements Cost Rate Direct labor
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Question:
The costs of manufacturing horizontal fixed-mount barcode scanners are as follows:
Cost Elements | Cost Rate |
Direct labor | $24.5 per hour |
Material | $380 per 70 units |
Overhead costs | 150% of direct labor |
The production has a 89% learning curve applied to labor required, and the time to complete the first unit was 37 direct labor hours. Determine the unit selling price based on the estimated time to complete the 100th unit, if the company wants a profit margin of 10% based on total manufacturing costs.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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