Question
The following cost and revenue information pertains to the new CD: CD package and disc (direct material and labor): $2.50/CD Songwriters royalties: $0.70/CD Recording Artists
The following cost and revenue information pertains to the new CD: CD package and disc (direct material and labor): $2.50/CD Songwriters royalties: $0.70/CD Recording Artists royalties: $2.00/CD Advertising & promotion: $380,000 Sony Records Inc,s Overhead: $300,000 Selling price to CD Distributor: $10.00
Knowing they had been selling 100,000 CDs, what percent does this change in sales represent?
A. 25.36%
B. 12.43%
C. 79.17%
D. 15.63%
E. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
