1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
14

Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $19, direct labor $

7, variable manufacturing overhead $2, fixed manufacturing overhead $4, variable selling and administrative expenses $5, and fixed selling and administrative expenses $7. Using a 30% markup on total per unit cost, compute the target selling price.
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

$57.20

Explanation:

Total unit cost = $19 + $7 + $2 + $4 + $5 + $7 = $44

Target selling price = Total unit cost × (1  + Markup)

Since markup percentage is 30%, or 0.3, we therefore have:

Target selling price = $44 × (1 + 0.3) = $57.20

Therefore, the target selling price is $57.20.

You might be interested in
Paul and Micheal sell magazine subscriptions by telephone. {aul is paid $1.00 for every five calls he makes, while Mike is paid$
BARSIC [14]

Paul and Micheal sell magazine subscriptions by telephone. Paul is paid $1.00 for every five calls he makes, while Mike is paid$1.00 for every subscription he sells, regardless of the number of calls he makes. Paul's telephoning is reinforced on a <u>fixed-interval</u> schedule, whereas Mike's is reinforced on a <u>variable-ratio</u> schedule.

<h3><u>What is a fixed-interval timetable?</u></h3>

The initial response is rewarded only after a predetermined period of time has passed in fixed-interval schedules. This schedule results in rapid responses near the end of the interval but slower responses right after the reinforcer are given. A fixed-interval (FI) schedule consists of two parts:

  • It calls for the passage of a certain amount of time before reinforcement will be supplied in response to a response, and
  • No response during the interval is reinforced; only the first response after the interval's completion is reinforced.
<h3><u /></h3><h3><u>What is the variable-ratio schedule?</u></h3>

A schedule of reinforcement known as a variable ratio schedule rewards a behavior after a predetermined number of responses. High, consistent response rates are the result of this type of timetable. Because they believe that the subsequent reaction might be the one they need to receive reinforcement, organisms are persistent in responding.

Learn more about the fixed-interval schedule with the help of the given link:

brainly.com/question/14486802?referrer=searchResults

#SPJ4

5 0
2 years ago
The function of marketing that tells customers where they can buy the product and how the product gets there is called
vladimir2022 [97]

Answer:

Place, where the consumer/customer can go when making a purchase on a product.

Explanation:

Good luck, I majored in Business Management

3 0
2 years ago
The Federal Reserve System Multiple Choice
Aliun [14]

Answer: Federal reserve system is basically an independent agency.

Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.

The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.

4 0
3 years ago
Before tuberculosis was understood to be a communicable disease, and before the discovery of antibiotics to treat it, a major ou
uranmaximum [27]
<span>Reduction in a nation's labor force would long-run aggregate supply curse to the left, representing a reduction in labor. This would tend to drive up labor costs over time. Presumably, the demand curve would remain static in the short-term. However, such a reduction would also impact the nation's consumption and thereby reduce the demand for products. This would in turn drive a decreased demand for labor (leftward shift) and apply downward pressure to wages. The answer to this depends on whether the questions is regarding short-term, medium-term or long-term labor supply/demand curve.</span>
7 0
4 years ago
A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the
SCORPION-xisa [38]

Answer:

b. a discount.

Explanation:

A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called __a discount._______.

4 0
3 years ago
Other questions:
  • The cleanest, most comfortable restaurant in town and the staff is always impeccably dressed and very courteous. Based on this f
    10·1 answer
  • Marci spends 8 hours researching and writing a 26​-page report for her philosophy class. Jack brags that he has a​ "streamlined
    8·1 answer
  • How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?
    11·1 answer
  • In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Id
    8·1 answer
  • A major goal of integrated marketing communications is to send a consistent message to _____.
    6·1 answer
  • For external reporting purposes, U.S. GAAP allows companies to use:
    9·1 answer
  • Before introducing a new product to the​ market, a food products company conducts market research to identify the​ lifestyles, p
    12·1 answer
  • You believe your restaurant concept can generate $50,000 in net profit per year. Your investors demand at 20% return on investme
    11·1 answer
  • The relationship between these two entities is an example of: __________
    8·1 answer
  • why is it important to establish a baseline when measuring social media success. group of answer choices it's important to know
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!