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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
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