Ask Question
10 August, 02:52

Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 4000 pairs What is the total cost per pair of shoes?

+1
Answers (1)
  1. 10 August, 03:06
    0
    The cost per pair of shoes is $84

    Explanation:

    The cost per pair of shoes=total costs/number of pairs produced

    total costs = Variable manufacturing costs + Variable selling and administrative costs+Fixed manufacturing costs + Fixed selling and administrative costs

    Variable manufacturing costs $36,000

    Variable selling and administrative costs $20000

    Fixed manufacturing costs $160000

    Fixed selling and administrative costs $120000

    total costs = $36,000+$20000+$160000 + $120000

    =$336,000.00

    number of pairs produced is 4000

    Total cost per pair of shoes=$336,000/4000

    =$84.00
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000 Variable ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers