Company X sets price equal to cost plus 60%. Recently, Company X charged a customer a price of $42 for an item. What was the cost of the item to Company X? a. $26.25 b. $42
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- XYZ Company sells a product for $45 per unit. The cost of one unit is $36. The estimated cost to complete a unit is $8, and the estimated cost to sell is $5. At what amount per unit should the product be reported, applying lower-of-cost-or-net realizable value? 0 37 Ⓒ 49 0 36 O 32Find expressions for the Revenue, Cost, and Profit from selling x thousand items. 2) Item Price Fixed Cost Variable Cost $3.00 $31,471 3775xWhat is the unit contribution margin on these accounting question?
- Please give me answer general accountingAssume that markup is based on cost. Calculate the cost and selling price. Note: Round your answers to the nearest cent. Cost Selling price Dollar markup $ 6.00 Percent markup on cost 101.69 %If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $49,500, then the sales must be: Multiple Choice $99,500. $129,000. $89,500. $139,000.
- A manufacturer produced a good with a value of 300, the retailer added 140 to the value of the good. Assuming the value added tax rate is 10% the final price to the consumer would be а. 470 b. 484 с. 517 d. 454Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =help me
- Hi expert please give me answer general accounting questionRings company has three product lines A, B and C. The following financial information is available:If a company has four lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle) for$15, purchase 3 (middle) for $12, and purchase 4 (latest) for $14, which cost would be assumed to be sold firstusing LIFO costing?A. $17B. $15C. $12D. $14