Ronald Enterprises Ltd. has estimated the following costs for producing and selling 16,200 units of...
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Accounting
Ronald Enterprises Ltd. has estimated the following costs for producing and selling 16,200 units of its product:
Direct materials: $64,800
Direct labour113,400
Variable overhead48,600
Fixed overhead30,000
Variable selling and administrative expenses48,600
Fixed selling and administrative expenses37,500
a) Calculate what price Ronald Enterprises would have to charge in order to produce a before-tax profit equal to 30% of sales if 8,600 units were produced and sold.
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