The economy is driven by ____

Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expe

attashe74 [19]

Answer:

Galla should charge $47

Explanation:

Data provided in the question:

Desired markup = 25% of the total cost

Units to be sold = 5,000

Variable product cost per unit = $15

Variable administrative cost per unit = 10

Total fixed overhead = $45,000

Total fixed administrative = $18,000

Now,

Total variable cost

= Variable product cost per unit × Number of units to be sold

= $15 × 5,000

= $75,000

Total variable administrative cost

= Variable administrative cost per unit × Number of units to be sold

= $10 × 5,000

= $50,000

Therefore,

Total cost

= Total variable cost + Total variable administrative cost + Total fixed overhead + Total fixed administrative

= $75,000 + $50,000 + $45,000 + $18,000

= $188,000

Thus,

Price per unit = Total cost ÷ Number of units to be sold

= $188,000 ÷ 5,000

= $37.6

Price after markup = Price per unit + 25% of price per unit

= $37.6 + ( 0.25 × $37.6 )

= $37.6 + $9.4

= $47

Hence,

Galla should charge $47

4 0

3 years ago

Suppose a firm currently produces 325 units of output per day with 15 workers. the firm is able to produce 340 units of output w

Vinvika [58]

MPL implies the extra output level, that is being produced by hiring an additional unit of labor.

So when the 16th worker is hired, the output level rises by = (340-325)

= 15 units.

In science education, a word problem is a mathematical exercise (including in a textbook, worksheet, or exam) wherein sizeable background statistics on the problem is offered in everyday language as opposed to in mathematical notation. As most phrase issues contain a narrative of a few sorts, they may be every now and then referred to as story issues and might range in the amount of technical language used.

To clear up trouble like this by algebra, one interprets the phrases into a gadget of equations, expressing the usage of mathematical variables and operations. For this problem, it's far more convenient to work out the solution first in minutes, and then convert it to hours.

Learn more about word problems here: brainly.com/question/1781657

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7 0

2 years ago

upino Products provides the foundational data for this problem given that the unit product costs at a normal level of 5,000 unit

serg [7]

Answer:

Available for advertizing campaing 480,000

Explanation:

First we calculate the current operating income:

sales price less all uniit operating cost

90 - 35 - 12 - 8 - 5 - 15 - 8 = 7

$7 x 60,000 units = $420,000 operating income

Now we calculate the new contribution margin and operating income

materials + labor + variable overhead + variable sale = total variable

35 + 12 + 8 + 15 = 70

new contribution margin per unit

98 - 70 = 28

sales 60,000 units less 10% = 54,000 units

contribution margin

28 x 54,000 = 1,512,000

Fixed overhead 300,000

Fixed selling and adming 480,000

operating income 732,000

Potential contribution from additional sales:

6,000 units x $28 = 168,000

Less: before raising income (420,000)

Available for advertizing campaing 480,000

3 0

3 years ago

Read 2 more answers

A program trade is:_________. A. a trade of 10,000 (or more) shares of a stock. B. a trade of many shares of one stock for one o

neonofarm [45]

Answer:

The answer is: D

Explanation:

Program trading is the use of computer programs or algorithms to trade a portfolio of stocks at a high frequency and in large numbers. These algorithms, essentially 'machine traders', are created to make trades on behalf of humans and are anticipated to have more precision and speed than human traders. However, these trades are created, monitored and analysed by human traders. The New York Stock Exchange classifies the coordinated trading of a group of 15 or more stocks with a combined market value of $1, 000, 000 as program trading.

6 0

4 years ago

Broadway Corporation was granted a patent on a product on January 1, 2007. To protect its patent, the corporation purchased on J

Karolina [17]

Answer

The answer and procedures of the exercise are attached in image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

4 0

3 years ago

The economy is driven by _____.