46. What is the target selling price per pair of shoes?

a.$142

b.$170

c.$114

d.$158

47. What is the markup percentage?

a.150%

b.255%

c.850%

d.182%

Use the following information for questions 48 and 49.

Lock Inc. has collected the following data concerning one of its products:

Unit sales price$145

Total sales15,000 units

Unit cost$115

Total investment$1,800,000

48. The ROI percentage is

a.20%.

b.25%.

c.30%.

d.35%.

49. The markup percentage is

a.20.69%.

b.22.59%.

c.25%.

d.26.09%.

50. A company using cost-plus pricing has an ROI of 24%, total sales of 20,000 units and a desired ROI per unit of $30. What was the amount of investment?

a.$144,000

b.$2,500,000

c.$456,000

d.$789,475

Use the following information for questions 5153.

Brislin Products has a new product going on the market next year. The following data are projections for production and sales:

Variable costs$250,000

Fixed costs$450,000

ROI14%

Investment$2,000,000

Sales200,000 units

51. What is the target selling price per unit?

a.$4.90

b.$3.50

c.$2.65

d.$3.65

52. What is the markup percentage?

a.112%

b.20%

c.62%

d.40%

53. What would the markup percentage be if only 150,000 units were sold and Brislin still wanted to earn the desired ROI?

a.32.95%

b.53.33%

c.35.0%

d.44.00%

54. When using cost-plus pricing, which amount per unit does not change when the expected volume differs from the budgeted volume?

a.Variable cost

b.Fixed cost

c.Desired ROI

d.Target selling price

55. Why does the unit selling price increase when expected volume is lower than budgeted volume?

a.Variable costs and fixed costs have to be spread over fewer units.

b.Fixed costs and desired ROI have to be spread over fewer units.

c.Variable costs and desired ROI have to be spread over fewer units.

d.Fixed costs only have to be spread over fewer units.