Question: The Superior Jump drive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump drive; marketing costs are $2.40 per jump drive; and royalty payments are 20% of the selling price. The fixed cost of preparing the jump drive is $18000. Capacity is 15000 jump drives. a) Compute i. the total variable cost (TVC) ii. the contribution margin (CM) iii. the contribution rate (CR) iv the net income (NI) Question: The Superior Jump drive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump drive; marketing costs are $2.40 per jump drive; and royalty payments are 20% of the selling price. The fixed cost of preparing the jump drive is $18000. Capacity is 15000 jump drives. a) Compute i. the total variable cost (TVC) ii. the contribution margin (CM) iii. the contribution rate (CR) iv the net income (NI) Topic 4: Markup and Markdown (Read lecture slides from week 3) Questions: 1) A dealer bought personal computers for $1850.00 less 32%, and 17%. They were sold for $1575.00. a) What was the markup as a percent of cost? b) What was the markup as a percent of selling price? 2) Find the selling price of an item costing $52 if the markup is 40% of the selling price 4) A bicycle originally priced at $179 was sold for $129. What is the markdown rate in as a percent of capacity c) Draw a detailed break even chart. Topic 4: Markup and Markdown (Read lecture slides from week 3 ) Questions: 1) A dealer bought personal computers for $1850.00 less 32%, and 17%. They were sold for $1575.00. a) What was the markup as a percent of cost? b) What was the markup as a percent of selling price? 2) Find the selling price of an item costing $52 if the markup is 40% of the selling price 4) A bicycle originally priced at $179 was sold for $129. What is the markdown rate