Business, 10.09.2019 23:30 ryanzl1291

An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of a given product. the vice president has asked you to prepare a cost estimate. the number of hours required to produce a unit is 8. the average labor rate is $17 per hour. the materials cost $14 per unit. overhead for an additional 100 units is estimated at 30% of the direct labor cost. if the company wants to have a 40% profit margin, what should be the price to quote for 100 units?

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