Perry Products is thinking of expanding their product line.Their current income statement is as follows: The cost of the new product is $95 per unit made up of $50 of direct materials, $35 of direct labor and $10 of overhead per unit.What is the bid price assuming Perry utilizes a mark-up on direct materials?
A) $70
B) $133
C) $119
D) $19.77

Question

Perry Products is thinking of expanding their product line.Their current income statement is as follows:  The cost of the new product is $95 per unit made up of $50 of direct materials, $35 of direct labor and $10 of overhead per unit.What is the bid price assuming Perry utilizes a mark-up on direct materials?
A) $70 
B) $133 
C) $119 
D) $19.77

Quizplus · Accepted Answer

The Answer of Perry Products is thinking of expanding their product line.Their current income statement is as follows:  The cost of the new product is $95 per unit made up of $50 of direct materials, $35 of direct labor and $10 of overhead per unit.What is the bid price assuming Perry utilizes a mark-up on direct materials?
A) $70 
B) $133 
C) $119 
D) $19.77

Perry Products Is Thinking of Expanding Their Product Line