Question
9. Oriole Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $32000 Variable selling and administrative costs $28000 Fixed manufacturing
9. Oriole Company has gathered the following information concerning one model of shoe:
Variable manufacturing costs | $32000 |
Variable selling and administrative costs | $28000 |
Fixed manufacturing costs | $160000 |
Fixed selling and administrative costs | $120000 |
Investment | $1700000 |
ROI | 30% |
Planned production and sales | 5000 pairs |
What is the markup percentage?
850%
150%
266%
182%
10. Bramble Corp. has received a shipment of suits that cost $330 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit?
$280
$825
$528
$550
14. The following data is available for Marigold Repair Shop for 2019:
Repair technicians wages | $360000 |
Fringe benefits | 70000 |
Overhead | 50000 |
Total | $480000 |
The desired profit margin is $38 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019, Marigold repairs a bicycle that uses parts of $240. Its material loading charge on this repair would be
$144.
$96.
$268.
$134.
Please answer all 3 questions. Thank you!
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