B) Given the following for your flower shop: refer to slides 14 and 15) Annual Expenses: Salaries: $ 35,000 Hourly labor: $10.00 Flowers: $7.00 Gas: $2,000 Rent: $14,800 Advertising: S1,800 Insurance: $3,000 Utilities: $ 2,400 Supplies: $ 3.00 Total Fixed Costs: Total Var. Costs: Fixed Costs per unit: Variable Cost per unit 45(refer to slides # 18, 19 for explanation of Markup) To solve the following, refer to the attached formula sheet. You must first determine what I am asking you to solve for-cost, selling price or markup. Then look for the category under the markup section on the formula sheet. (it will say "When solving for Cost" "When solving for Markup" ete.) Then read the question carefully to see if I am asking based on cost or selling price. On the formula sheet MUC) stands for markup on Cost and MU(T) stands for Mark up on Selling Price (the lowercaser is for retail because the consumer selling price is at the retail level). C. Calculate the selling price per arrangement if you must have a markup of 55% on the selling price D. What is the selling price per arrangement if you desire 120% markup on cost? What the markup on selling price with $10.siling pride E. What is the markup on selling price with a $40.00 selling price? F. What is the markup on cost with a $40.00 selling price? G. If you charge $50.00 per flower arrangement, what is the highest your expenses can be and still maintain a 54% markup on selling price? H. If you charge $50.00 per flower arrangement, what is the highest your expenses can be and still maintain a 120% markup on costs? B) Given the following for your flower shop: refer to slides 14 and 15) Annual Expenses: Salaries: $ 35,000 Hourly labor: $10.00 Flowers: $7.00 Gas: $2,000 Rent: $14,800 Advertising: S1,800 Insurance: $3,000 Utilities: $ 2,400 Supplies: $ 3.00 Total Fixed Costs: Total Var. Costs: Fixed Costs per unit: Variable Cost per unit 45(refer to slides # 18, 19 for explanation of Markup) To solve the following, refer to the attached formula sheet. You must first determine what I am asking you to solve for-cost, selling price or markup. Then look for the category under the markup section on the formula sheet. (it will say "When solving for Cost" "When solving for Markup" ete.) Then read the question carefully to see if I am asking based on cost or selling price. On the formula sheet MUC) stands for markup on Cost and MU(T) stands for Mark up on Selling Price (the lowercaser is for retail because the consumer selling price is at the retail level). C. Calculate the selling price per arrangement if you must have a markup of 55% on the selling price D. What is the selling price per arrangement if you desire 120% markup on cost? What the markup on selling price with $10.siling pride E. What is the markup on selling price with a $40.00 selling price? F. What is the markup on cost with a $40.00 selling price? G. If you charge $50.00 per flower arrangement, what is the highest your expenses can be and still maintain a 54% markup on selling price? H. If you charge $50.00 per flower arrangement, what is the highest your expenses can be and still maintain a 120% markup on costs
