What is the minimum selling price on the special order to produce net income of 5.17 per basketball

Answers

Answer 1

The minimum selling price on the special order to produce net income of 5.17 per basketball is $ 29.79 per ball.

How to calculate the value

Variable cost of goods sold for the special order = $ ( 3,582,000 - 960,000 ) / 120,000 * 10,000 = $ 218,500

Variable selling and administrative expenses for special order = $ [( 513,400 - 271,000) / 120,000 + 0.75] x 10,000 = $ 27,700

Fixed costs are not relevant, as they would remain unchanged.

c. Profit required = $ 5.17 x 10,000 = $ 51,700

Minimum selling price required = $ ( 51,700 + 218,500 + 27,700) / 10,000

= $ 29.79 per ball.

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ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units.What is the minimum selling price on the special order to produce net income of 5.17 per basketball

Related Questions

Children, students, and senior citizens being eligible for discounted movie tickets is an example of price discrimination. Is this an example of price discrimination? Explain the conditions necessary for price discrimination to occur and draw the graphs to describe this situation.

Answers

Yes, children, students, and senior citizens being eligible for discounted movie tickets is an example of price discrimination.

What is price discrimination?

When a merchant charges different rates to various groups of clients based on their willingness to pay, this is referred to as price discrimination.

Price discrimination requires market strength, definable client segmentation, and the capacity to avoid arbitrage among various groups.

Price discrimination is a sales approach in which the seller charges varying rates for the same product or service based on what the vendor believes the consumer would agree to.

See graph attached.

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