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DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? O a. $1189.20 O b. $3888.68 c. $3567.59 O d. $485192.69

DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? O a. $1189.20 O b. $3888.68 c. $3567.59 O d. $485192.69

FINANCIAL ACCOUNTING
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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DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? a. $1189.20 b. $3888.68 c. $3567.59 d. $485192.69 or
Transcribed Image Text:DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units produced and sold 1,500 Investment $2675695 Markup percentage on full cost 9% Rate of return on investment 18% Variable cost per unit $1,450 Required: What was the selling price? a. $1189.20 b. $3888.68 c. $3567.59 d. $485192.69 or
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