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(Solution) - Ramanan Inc has performed cost studies and projected the foll

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Ramanan, Inc., has performed cost studies and projected the following annual costs based on 200,000 units of production and sales:
Total Annual Costs (200,000 units)
Direct Material .............................................................................. $ 400,000
Direct Labor..................................................................................... 360,000
Manufacturing Overhead................................................................. 300,000
Selling, General, and Administrative............................................... 200,000
Total............................................................................................. $1,260,000

a. Compute Ramanan?s unit selling price that will yield a profit of $300,000, given sales of 200,000 units.
b. Assume management selects a selling price of $8 per unit. Compute Ramanan?s dollar sales that will yield a projected 20 percent profit on sales, assuming variable costs per unit are 60 percent of the selling price per unit and fixed costs are $420,000.

 







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This question was answered on: Jul 11, 2017

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