Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Cost: $15.10 Selling Price: $22.00
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- Assume markup percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the markup per unit? Select one: a. Total cost per unit times markup percentage per unit. b. Total cost per unit divided by markup percentage per unit. c. Total cost times markup percentage. d. Markup percentage divided by total cost. e. Markup percentage per unit divided by total cost per unit.J10.Define each of the following terms.d. Stepped-up price
- Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Drill % 48% There is no cost so I am unsure how to compute this. Thank youEvaluate 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: 12.99Determine the I target cost for model J 20, assuming that the historical markup on product cost and selling price are maintained
- What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? A. Margin of safety ratioB. Contribution margin ratioC. Costs and expenses ratioD. Profit ratioTarget costing calculates cost as___. (a) Market price plus desired profit (b) Variable cost plus fixed cost (c) Historical cost plus mark-up (d) Market price minus desired profit MCQFind out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.