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Lostsunrise [7]
3 years ago
13

Which type of markup takes your company's total costs into account?

Business
2 answers:
Elina [12.6K]3 years ago
7 0

I just finished this quiz for k-12, and the answer is "Cost- based markup" Hope this helped

Elina [12.6K]3 years ago
4 0
The type of mark up that takes the company total costs into account is COST BASED MARK UP.
In cost based mark up, the producer based the price of a product on its costs of production. The producer calculate the cost of production of the product an add a pre-determined profit margin to it. This ensures that a certain amount of profit is made per unit sold. 
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Mayfield Company sells two products, Blue models and Plaid models. Blue models sell for $43 per unit with variable costs of $30
alekssr [168]

Answer:

Break-even point in total units=  951.7units

Explanation:

<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.

It is calculated using this formula:

<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>

                                                          <em>  Blue                          Plaid</em>

Contribution per unit                43-30 = 13                   52-45 = 7

<em>Average contribution per unit </em>

= ( (13× 4) + (7×5) )/9

= $ 9.66 per unit

<em>Break-even point in total units</em>

= $9200/$ 9.66

= 951.7units

Break-even point in total units= 951.7units

           

6 0
3 years ago
American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const
Simora [160]

Answer:

Following are the solution to this question:

Explanation:

Answer   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  Installment  \ Amount  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ = \frac{4700000}{PVAF(11\%,4)} = 1,514,934

Answer \  1    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \    Machinery A/c   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                     4,700,000\\\\

                     \text{To Lease Payable} A/C                    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                   4,700,000    \\\\ \text{(Being machine purchased on lease)}

Answer \ \ 2                   years \ \ \ \ \ \ \ \  Outstanding \ \ Amount  \ \ \ \ \ \ \ \ Installment \ \ \ \ \ \ \ \ Interest (11 \%)   \ \ \ \ \ \ \ Closing \ on \ Due \\\\    0   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  4,700,000  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \  \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \          \ \ \ \ \ \ \ \ \     4,700,000   \\\\1    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \     4,700,000    \ \ \ \ \ \ \ \ \ \ \ \    1514934      \ \ \ \ \ \ \ \ \ \ \ \ \ \     517000      \ \ \ \ \ \ \ \ \ \ \ \    3702066\\\\

2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3,702,066 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1514934  \ \ \ \ \ \ \ \ \ \ \ \ \ \ 407227 \ \ \ \ \ \ \ \ \ \ \ \ \ \   2594359 \\\\3  \ \ \ \ \ \ \ \ \ \ \ \ \ \  2,589,359  \ \ \ \ \ \ \ \ \ \ \ \ \ \    1514934  \ \ \ \ \ \ \ \ \ \ \ \ \ \     285380   \ \ \ \ \ \ \ \ \ \ \ \ \ \   1364805\\\\4  \ \ \ \ \ \ \ \ \ \ \ \ \ \       1,364,805   \ \ \ \ \ \ \ \ \ \ \ \ \ \  1514934   \ \ \ \ \ \ \ \ \ \ \ \ \ \    150129  \ \ \ \ \ \ \ \ \ \ \ \ \ \    0    \\\\

Answer \ \ 3        \ \ \ \ \ \ \ \ \ \ \ \ \ \          Lease Payable \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  997,934

                            expenses \ \  Interest \ \ \ \ \ \ \ \ \ \ \ \ \ \      517,000\\\\                       To\ \ cash \  A/c    \ \ \ \ \ \ \ \ \ \ \ \ \ \                                     1,514,934 \\\\                   \text{(First Installment Paid)}            

Answer \ 4  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                   Lease payable     \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                     1,229,554

                              expenses \ \                       Interest         \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \   285,380\\\\                          To cash A/c    \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \                                      1,514,934\\\\                  \text{(Third Installment Paid)}

6 0
3 years ago
Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment payi
emmainna [20.7K]
7 is the annual rate for 6 years
8 0
3 years ago
Budgeting, analysis of investment proposals, and provision of funds are activities associated with the _______ function.
AleksAgata [21]

Answer:

<em>Budgeting, analysis of investment proposals, and provision of funds are activities associated with the </em><em><u>finance</u></em><em> function.</em>

Explanation:

<em>The </em><em>finance </em><em>function</em><em> </em><em>manage</em><em>s</em><em> </em><em>a </em><em>business</em><em>'</em><em> </em><em>finance </em><em>and </em><em>helps </em><em>with</em><em> </em><em>the </em><em>decision</em><em>-</em><em>making</em><em>.</em><em> </em><em>This </em><em>allows </em><em>businesses</em><em> </em><em>to </em><em>manage</em><em> </em><em>in </em><em>the </em><em>modern</em><em> </em><em>world.</em>

3 0
2 years ago
Fortuna worked 49.5 hours this week at $ 8.18 an hour. What was he gross pay? Remember over time worked over 40 hours is paud at
vova2212 [387]
$327.2 for the first 40
$116.575 for the remaining 9.5 hours paid at 1.5x the pay
$443.765 is your sum, however if you are to round to actual pay, it would be $443.77
6 0
3 years ago
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