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Using reverse analysis, what is the estimated cost (sum of labor, material and overhead) for...

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Accounting

Using reverse analysis, what is the estimated cost (sum of labor, material and overhead) for this supplier to produce these chemicals?

A supplier gives you a price of $400 for a barrel of specialized chemicals. Included in this price is a per barrel set up charge of (tooling) $40.50. The industry they are part of operates at 10% profit and 5% SGA; both profit and SGA are a percentage of the selling price.

  • a. $299.50
  • b. $340.00
  • c. $360.00
  • d. $400.00
  • e. None of the above

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