Hiren Tunes Vinyl Shop provided the following information: Average selling price per record $18 Average variable cost per record $12 Monthly fixed cost $12,000 What is Hiren Tunes Vinyl Shop's contribution margin per unit in dollars?
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- When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup CostHomoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509
- Assume markup is based on cost. Find the dollar markup and selling price for the following problem. (Round your answers to the nearest cent.) Item Cost Markup percent Dollar markup Selling price Burberry men's watch $410 40% 24 24 es Prey 1 of 16 Next >Suppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?Genral account
- What is the gross profit? Please given solutionFind out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000Consider the following information: ts Retail price per unit: $150 Wholesale price per unit: $80 Manufacturer's price per unit: $50 Manufacturer's variable cost: $35 Retailer's fixed costs per quarter: $75,000 Wholesaler's fixed costs per quarter: $1,750 ,000 Manufacturer's fixed costs per quarter: $2,500, 000 Retailer's unit sales this quarter: 1,800 Wholesaler's unit sales this quarter: 80,000 Manufacturer's unit sales this quarter: 160,000 s What is the retailer's markup? $70 $30 $100 46.7%