hsl After six weeks passed, Elise analyzes her sales of the FUNWEARprewashed jeans. Of her original 200 units this is what she found:50 units sold at the original retail34 units sold at a 38 percent markdown (38% off)116 units sold at a 44 percent markdown (44% off)What was her maintained markup percentage? Did it meet her goals? Explainhow this was possible.

To determine the maintained markup percentage for Elise's sales of the FUNWEAR prewashed jeans,…

Answered: After six weeks passed, Elise analyzes…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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Leah Wells, a yoga instructor, started a company that sells athletic yoga clothing. You are Leah’s marketing manager. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. After assessing the competitors, you determine that Leah needs to price her products with a markup percentage of 60%. The cost of her tank tops is $44 and her pullovers is $54. Determine the selling price for each of Leah’s clothing items. b. Leah is ready to launch her yoga pants. You have determined that she should set her price 30% below her competitor’s price of $124. Leah’s cost to produce yoga pants is $52 per unit. Determine the markup percentage on Leah’s yoga pants. c. Calculate the gross profit margin for tank tops, pullovers, and yoga pants. d. After a year, you determine that Leah should set a standard target margin percentage of 45% on all products. Determine the new prices for tank tops, pullovers, and yoga pants.
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For a Columbus Day event, a buyer plans to purchase 250 knit dresses to retail for $75 each. A 47% markup is needed on the total purchases. From one of the buyer's best resources, 110 dresses were purchased that cost $33.75 each. The buyer knows, however, that the costs will have to be averaged on the balance of other purchases from alternate resources in order to achieve a 47% markup on the entire group. What what markup percentage did the buyer attain on the first purchase of 110 dresses? Retail Cost Markup % a) 55% Total needs. b) 19.8% c) 45% d) 24.2% Purchases Balance
Fresh Paper Delivery has decided to analyze the profitability of five new customers. It buys recycled paper at $ 11 per case and sells to retail customers at a list price of $14.70 per case. Data pertaining to the five customers are: Customer 1 2 3 4 5 Cases sold 2,050 8,840 61,800 34,100 2,700 List selling price $14.70 $14.70 $14.70 $14.70 $14.70 Actual selling price $14.70 $14.50 $12.80 $14.18 $13.20 Number of purchase orders 16 22 39 31 34 Number of customer visits 3 2 7 4 4 Number of deliveries 18 32 69 40 34 Miles traveled per delivery 17 7 10 11 44 Number of expedited deliveries 0 0 0 0 3 pop-up content ends ctivity Cost Driver Rate Order taking $200 per purchase order Customer visits $50 per customer visit Deliveries $2 per delivery mile traveled Product handling $0.50 per case sold Expedited deliveries $310 per expedited…
A company purchased 10,000 pairs of men's slacks for $19.36 per pair and marked them up $22.33. What was the selling price of each pair of slacks? Use the formula S=C + M The selling price of each pairs of slacks is $ Em
Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods decreased by 5,000? What would be the effect on the cost of goods sold?
For the fall season, Mrs. Rose planned to carry total merchandise worth $15,000, at retail, with a cumulative MU goal of 43%. The buyer began the season with merchandise amounting to $5,000 at cost, with a markup of 45%. (Use the grid to reach the answer) What should be the minimum retail value for the remaining purchases for the coming fall season?
to What A buyer bought 200 skirts that retailed at $25 each. At the end of the season, 15 unsold skirts were markdown to $14.99 and sold immediately. What was the markdown percentage on this purchase?
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Michelle bought jackets for her boutique at a cost of $311 each. The jackets were marked up so that operating expenses were 33% of the cost and profit was 37% of the cost. What is the retail price of a jacket? Answer: What are the assumed operating expenses on the sale of a jacket? Answer: During her annual 40% off spring sale, the last six jackets were sold. What is the reduced selling price during the spring sale? Answer:
Sports Haven keeps an inventory of FITBIT Wearable Technology. Assume an inventory of 35 FitBits at the beginning of the year at a cost of $44.32 each. Additional FitBits were purchased as follows: 15 at $45.50 each on March 22, 30 at $45.80 each on May 2, 10 at $46.20 each on July 14, and 40 at $43.90 each on September 9. Use LIFO to determine the cost of the ending inventory. Assume 32 FitBits in inventory at the end of the year.
When is the latest date the order can be paid by ?

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