Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A company produce and sell a product in sets. One year the company reported the following: Amount of sets produced and sold: 3200 Investment: 36

A company produce and sell a product in sets. One year the company reported the following:

Amount of sets produced and sold: 3200

Investment: 36 000 000 $

Operating income: 3 600 000 $

Assume markup percentage on full cost to be 6%, and variable unit cost 9000 $.

Calculate:

- Rate of return on investment in percent

- The full cost

- Selling price per set

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions