Question
1. Companies that sell products whose prices are set by market forces are called price setters. price givers. price leaders. price takers. 2. Bonita Industries
1. Companies that sell products whose prices are set by market forces are called
price setters.
price givers.
price leaders.
price takers.
2. Bonita Industries has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $40000 |
| Variable selling and administrative costs | $20000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1600000 |
| ROI | 30% |
| Planned production and sales | 5000 pairs |
What is the total cost per pair of shoes?
$68
$40
$158
$96
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Modern Auditing
Authors: William C. Boynton, Walter G. Kell, Raymond N. Johnson, Dr William Boynton
7th Edition
047118909X, 978-0471189091
