Solution-What price will most likely be used by berryman

What price will most likely be used by berryman

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Reference no: EM132634268

Ferryman Products manufactures coffee tables. Ferryman Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month:

Output units 30,000 tables

Machine-hours 8,000 hours

Direct manufacturing labor-hours 10,000 hours

Direct materials per unit $100

Direct manufacturing labor per hour $12

Variable manufacturing overhead costs $322,500

Fixed manufacturing overhead costs $1,200,000

Product and process design costs $900,000

Marketing and distribution costs $1,250,000

Problem 1: For long-run pricing of the coffee tables, what price will most likely be used by Berryman?

Reference no: EM132634268

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What price will most likely be used by berryman

Reference no: EM132634268

Reference no: EM132634268

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