Assume that mark up is based on cost. Find the dollar mark up and percent mark up on cost for the following: Cost: $20.50 Selling Price: $30.00
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Assume that mark up is based on cost... Please answer the accounting question
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- Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50.Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent. Cost 16.40 Selling price 24.60 Dollar markup Percent markup on cost %If an item will be priced according to a 55 percent gross margin and the item costs $20, use that gross margin percentage to directly calculate the item’s price
- Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEEif dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?If selling price is $2.08 and cost is $1.60, what is the price/cost ratio?
- Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.By conversion of the markup formula, solve the following. Note: Round your answer to the nearest whole percent. Percent markup on cost % Percent markup on selling price 30 %(a) Build a spreadsheet model to calculate the profit/loss for a given demand. What is the demand? (b) Use Goal Seek to calculate the price that results in breakeven. If required, round your answer to two decimal places. c) Use a data table that varies price from 350 to 3400 in increments of 325 to find the price that maximizes profit.
- Complete the following table by filling in the missing amounts: See attached tableEvaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.991. Calculate the contribution margin rate, the sales dollar breakeven point, and the unit sales breakeven point. 2. Use the following information to perform your calculations. a. Net Sales: $50,000.00 b. Contribution Margin: $20,000.00 c. Total Fixed Costs: $15,500.00 d. Unit Sales Price: $25.00 3. Provide the formula and write out the equation that you use for each calculation. a. Contribution Margin Rate: b. Sales Dollar Breakeven Point: C. Unit Sales Breakeven Point: