Edelheit Company Uses the Absorption Costing Approach to Cost-Plus Pricing

question 53

Multiple Choice

Edelheit Company uses the absorption costing approach to cost-plus pricing as described in the text to set prices for its products. Based on budgeted sales of 26,000 units next year, the unit product cost of a particular product is $24.20. The company's selling and administrative expenses for this product are budgeted to be $629,000 in total for the year. The company has invested $340,000 in this product and expects a return on investment of 14%.
-The markup on absorption cost for this product would be closest to:

• A)100.0%
• B)14.0%
• C)114.0%
• D)107.5%

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Definitions:

NAD+

(Nicotinamide Adenine Dinucleotide) Coenzyme in oxidation-reduction reactions that accepts electrons and hydrogen ions to become NADH + H+ as oxidation of substrates occurs. During cellular respiration, NADH carries electrons to the electron transport chain in mitochondria.

Cellular Respiration

The metabolic process by which cells convert nutrients into energy (ATP), involving the oxidation of food molecules and the release of waste products.

Citric Acid Cycle

The Citric Acid Cycle, also known as the Krebs cycle, is a series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins.

Cellular Respiration

Cellular respiration is a biochemical process in cells where organic molecules are broken down to release energy for use by the cell.