Answered: What is the selling price on a product…

Business

Accounting

What is the selling price on a product with a cost of $32 and a markup of 20% of cost?

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 10DQ: How is the quantity factor for an increase or a decrease in the amount of sales computed in using...

See similar textbooks

Related questions

Q: The markup of a product is RO 90. If the markup is 45% of selling, what is the cost? a. RO 200 b. RO…

A: Cost of the product = markup / markup %

Q: If the selling price per unit is $10, the unit contribution margin is $5, and total fixed expenses…

A: Breakeven sales units are the quantity of units sold that leads to a net income of zero. This means…

Q: If the mark-up based on cost is 50%, what is the mark-up based on sales?

A: For any organization the cost and selling price of the product has to be well defined in order to…

Q: A product has a sales price of $350 and a per-unit contribution margin of $139. What is the…

A: Formula: Contribution margin ratio = Per unit contribution margin / sales price per unit Division of…

Q: Complete the table using the information provided and assume a VAT rate of 15%: Mark up on cost…

A: A. Cost price = profit / Mark up on cost = R40/20% = R200

Q: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: A product has a sales price of $340 and a per-unit contribution margin of $136. What is the…

A: Contribution Margin: The Contribution Margin is also can be treated on a gross or per unit basis.…

Q: What percentage markup on the selling price is equal to a 35% cost markup? Show solution.

A: Cost accounting is one of the branch of accounting. Under this, all costs are being calculated and…

Q: A product with the cost of R150 is selling for R200 what are the mark up percentage and gross margin…

A: Markup percentage is the gross profit expressed as a percentage of cost. Gross profit is derived by…

Q: If the sale price is 30% more than costs, and the profit for each sold unit is GHS 120, the cost…

A: Cost price per unit = Profit / Profit % of cost

Q: A product has a sales price of $230 and a per-unit contribution margin of $115. What is the…

A: The contribution margin is considered as an excess of revenue over variable expenses.

Q: Parrish 2-2 Pg 32 Please solve the following. Put the following transactions in either the Asset,…

A: Assets are referred to the things, balance of cash that is possessed by a business. These amounts or…

Q: A company has contribution margin per unit of P45 and a contribution margin ratio of 40%. What is…

A: Contribution margin ratio = Unit Contribution margin / Unit selling price

Q: Suppose that the demand for a product is given by Q=25-0.25P. If the product's price is $128 per…

A: Q = 25 - 0.25PWhereP = Price of the product = $128Q = Quantity demanded

Q: If a product sells P^(7500) and costs P^(4300) to manufacture, its gross margin is P^(3200). Find…

A: Selling price = 7500 cost = 4300 Gross margin = 3200

Q: Suppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is…

A: Revenue can be defined as the amount earned from daily business transactions, sale of goods and…

Q: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the…

A: Introduction: Per unit contribution margin: It tells the margin remaining after deducting all the…

Q: If the gross profit rate on cost is 30%, what is the equivalent rate based on sales? (whole number…

A: Assume, Cost = 100 Then, Profit (100*30%) = 30 Sales (100+30) = 130

Q: A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution…

A: A cost accounting system is a system of accounting that is helpful for the internal management to…

Q: a. What is the current total product cost (for the 15 million units), including fixed and variable…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are…

A: The question is related to the Revenue function. Revenue - Cost = Profit

Q: The Weighted Mean 2\ If a manufacturer buys 200 units at OMR 5 per unit from one supplier and 500…

A: The average unit cost is calculated as total cost of goods divided by number of units. The weighted…

Q: Given selling price is $20 per unit, fixed costs are $3 per unit, and profit per unit is $1, What is…

A: Contribution per unit can be calculated by adding fixed cost per unit to the profit per unit.

Q: Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,315 and that the…

A: Total costs is the combination of fixed costs and variable costs (marginal costs)

Q: if dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?

A: Given that: Dollar markup = $5.60 Percent markup on cost = 101.82%

Q: The following information relates to the operations of a company; cost per unit from supplier-…

A: Solution = Selling price is by adding 20% cost of product is =80 selling price = 80/1-.20…

Q: A product has a sales price of $140 and a per-unit contribution margin of $14. What is the…

A: The provided information are: Sales price = $140 Per-unit contribution margin = $14

Q: A mark up of 15% on sales is equivalent to what markup on cost?

A: Suppose Sales = $100 Markup = 15% of Sales Markup = $15 So the Cost will be $85

Q: Problem 6 (Pricing) bookkeeper presented the income statement showing large loss for th second year…

A: The profit is computed by multiplying 8% with P100,000 investment i.e P8,000.

Q: If the demand equation is Q = 100-10P. find the consumer’s surplus when the consumer purchases 18…

A: Consumer surplus can be defined as the area of the triangle above the price and below the demand…

Q: Please calculate the Economic Order Quantity under the following scenario: Annual demand= 80,000,…

A: Economic Order Quantity (EOQ) is the order size which minimize the total inventory cost of the…

Q: If, Total Fixed cost OMR 40000, Selling price per unit OMR 20, and Variable cost per unit OMR 12.…

A: Given: Selling price per unit = OMR 20 Variable cost per unit = OMR 12 Therefore, Variable cost…

Q: If an item will be priced according to a 55 percent gross margin and the item costs $20, use that…

A: Gross margin percent = 55% Cost of goods sold = $20

Q: Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What is the average purchase price per unit for the each product? * $85.00 Product QBC Product RBO $205.56 $145.00 $55.00
D Question 39 If the selling price per unit is $10, the unit contribution margin is $5, and total fixed expenses are $15,000, what are the breakeven sales in units? O 75,000 O 150,000 O 1,500 0 3,000
Suppose that the demand for a product is given by Q = 25-0.25P. If the product's price is $128 per unit, how many units will consumers be willing to buy? 0 25
Question 3.2.1 Use the attached information to calculate the following The selling price per unit that will realize an operating profit of R720000 3.2. 2 The number of units that must be sold in order to earn an operating profit of R720000, if the selling price increases by 10% and fixed costs increase by R87000
Qs Let the selling Price of a product is 200$ and the variable cost is 120$ and the Fixed Cost is 120008 find: . Quantity of Break Even Point. . Break Even Point Revenues in dollar. . The number of product if the operating profitis 24000 a b. c d. The sale value if the expected profit 8000$. = 5=
Question 2 The sale price of a product is $80, which is 25% off the regular selling price. Find the regular selling price. Answer = $ > Next Question (rounded to the nearest cent)
O Homework i 5 Raju is in a competitive product market. The expected selling price is $80 per unit, and Raju's target profit is 10% of selling price. Using the target cost method, what is the highest Raju's cost per unit can be? (Round your answer to 2 decimal places.) Target cost :: F1 @ 2 W 30 F2 # 3 E S D 80 F3 MAR 29 $ 4 R a F4 % 5 U N 8 DII FB DD F9 H J K O A 4 F10 L
0 100 200 300 400 500 600 R(q) 0 540 1080 1620 2160 2700 3240 C(g) 695 850 1000 1090 1325 1860 2590 1. The fixed costs are dollars 2. The price charged per unit is dollars 3. At approximately what level of production q, is the profit maximized? Round your answer to the nearest 100. Answer: units
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?
QUESTION 8 A graph for a monopolist PRICE 2266 20 16 14 12 10 8 00 6 4 2. N 20 40 60 QUANTITY MR MC a ATC 80 100 120 140 Refer to Figure. If this monopolist produces at their profit maximization level then their total cost will be O a. $490. O b. $784. O c. $700. O d. $980.
Output TFC TVC TC AFC AVC ATC MC 1 2 3 st 4 5 4 20 20 5 11 ??? 5 Refer to the following table. What is the average total cost of producing the 3rd unit of the good? $6 $5.33 $1.33 $4
Solve this now