An online virus-scan service provider, Splish, is expanding its offerings to include an optimizing service to users-it can scan the consumer's hard drive for duplicate files, suggest more efficient ways to save or archive photos and movies, and much more. The problem is that the company's own cost information has been lost-not due to a virus but due to human error. Charlee, the office manager, is trying to recreate some of the information to use in pricing Splish's newest optimizing service. Here is what she was able to dig up: Known Information for Virus-ScanService Selling price $20 per scan Gross margin% Labor cost 80 % (a) Costs of Optimizing Service MOH cost (includes software, utilities, etc.) * Your answer is incorrect. $11 per scan $19 per scan For Splish's virus-scan service, calculate the current cost-plus markup percentage (based on service cost rather than full cost, since the selling and administrative expense information has been lost). (Round answer to 0 decimal places, eg. 15%.) Markup percentage on service cost 80 %

An online virus-scan service provider, Splish, is expanding its offerings to include an optimizing service to users-it can scan the consumer's hard drive for duplicate files, suggest more efficient ways to save or archive photos and movies, and much more. The problem is that the company's own cost information has been lost-not due to a virus but due to human error. Charlee, the office manager, is trying to recreate some of the information to use in pricing Splish's newest optimizing service. Here is what she was able to dig up: Known Information for Virus-ScanService Selling price $20 per scan Gross margin% Labor cost 80 % (a) Costs of Optimizing Service MOH cost (includes software, utilities, etc.) * Your answer is incorrect. $11 per scan $19 per scan For Splish's virus-scan service, calculate the current cost-plus markup percentage (based on service cost rather than full cost, since the selling and administrative expense information has been lost). (Round answer to 0 decimal places, eg. 15%.) Markup percentage on service cost 80 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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