Question
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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started