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2. The following data pertain to Quincey Enterprises: Variable manufacturing cost $ 71 Variable selling and administrative cost 21 Applied fixed manufacturing cost 41 Allocated

2.

The following data pertain to Quincey Enterprises:

Variable manufacturing cost $ 71
Variable selling and administrative cost 21
Applied fixed manufacturing cost 41
Allocated fixed selling and administrative cost 16

What price will the company charge if the firm uses cost-plus pricing based on total cost and a markup percentage of 50%?

Multiple Choice

$74.50.

$223.50.

$298.00.

$447.00.

None of these.

4.

The Razooks Company, which manufactures office equipment, is ready to introduce a new line of portable copiers. The following copier data are available:

Variable manufacturing cost $ 191
Applied fixed manufacturing cost 101
Variable selling and administrative cost 71
Allocated fixed selling and administrative cost 86

What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 165%?

Multiple Choice

$158.79.

$432.30.

$420.79.

$694.30.

None of these.

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