The following costs have been estimated based on sales of 27,000 units: ...
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Accounting
The following costs have been estimated based on sales of 27,000 units:
| Total Annual Costs | Percent That Is Variable | ||||
| Direct materials | $ | 270,000 | 100 | % | |
| Direct labor | 190,000 | 100 | |||
| Manufacturing overhead | 190,000 | 60 | |||
| Selling and administrative | 110,000 | 30 | |||
What selling price will yield a contribution margin of 50%?
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