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3 years ago

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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Superior Construction Co. was contracted to plaster all the buildings of a historical preservation project for $2,500,000 over t

Cerrena [4.2K]

Answer:

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

Explanation:

given data

historical preservation project = $2,500,000

time = 2 year

estimated costs = $2,000,000

Actual costs Years 1 = $800,000

Actual costs Years 2 = $900,000

to find out

what amount of gross profit would Superior report in Year 1

solution

we find here first Percentage Completion that is express as

Percentage Completion = Cost to date ÷ Estimated Total Cost .............1

put her value we get

Percentage Completion = $\frac{800000}{2000000}$

Percentage Completion = 40%

and

Revenue Recognized will be here

Revenue Recognized = Percentage Completion × Total estimated Revenue ...............2

Revenue Recognized = 40 % × 25000000

Revenue Recognized = 1000,0000

so here Gross Profit in Year 1 will be

Gross Profit in Year 1 = Revenue Recognized - Cost to date of year 1 ..............3

Gross Profit in Year 1 = 1000,0000 - v800000

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

3 0

3 years ago

Sally has a decision to make about what she will do in the next 2 years. she can go to school or go straight into the workforce.

Ray Of Light [21]

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3 years ago

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Explanation:

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Answer:

See answer and explanation below.

Explanation:

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allsm [11]

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More about interpersonal communication brainly.com/question/25709454

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