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Category > Business & Finance Posted 16 May 2017 My Price 12.00

Problem B Pick-Me-Up Company

Problem B Pick-Me-Up Company is introducing a new coffee in its stores and must decide what price to set for the coffee beans. An estimated demand schedule for the product follows:

Price One-pound units demanded

$ 5 80,000

6 72,000

7 56,000

8 48,000

9 36,000

10 30,000

Estimated costs follow:

 

 

Variable manufacturing costs $2 per unit Fixed manufacturing costs $40,000 per year

Variable selling and administrative costs

Fixed selling and administrative costs

$1 per unit

 

$20,000 per year

  1. Prepare a schedule showing management the total revenue, total cost, and total profit or loss for each selling price.

  2. Which price do you recommend to the management of Pick-Me-Up? Explain your answer.

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Status NEW Posted 16 May 2017 05:05 PM My Price 12.00

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