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Vitek1552 [10]
3 years ago
12

Gracius Manufacturing is approached by a European customer to fulfill a oneminustimeminusonly special order for a product simila

r to one offered to domestic customers. Gracius Manufacturing has a policy of adding a 20​% markup to full costs and currently has excess capacity. The following per unit data apply for sales to regular​ customers: Variable​ costs: Direct materials $ 70 Direct labor 10 Manufacturing overhead 20 Marketing costs 40 Fixed​ costs: Manufacturing overhead 120 Marketing costs 40 Total costs 300 Markup ​(20​% of total​ costs) 60 Estimated selling price $ 360 What is the full cost of the product per unit for Gracius​ Manufacturing? A. $ 300 B. $ 140 C. $ 80 D. $ 360
Business
1 answer:
yanalaym [24]3 years ago
6 0

Answer:

B. $ 140

Explanation:

As this is a one-time-only the company can consider only their variable cost. This wat, it can offer a competitive price and use their space capacity to generate additional contribution.

The fixed cost are considered in their currnet sales volume thus, these additional sales can increase their contribution if sold only at variable cost plus markup.

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What is the ground clearance of the Nissan GT-R?
labwork [276]

Answer:

110 mm

Explanation: The Nissan GT-R has a 110 mm ground clearance.

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2 years ago
Suppose that $1 lottery tickets have the following probabilities and values: 1 in 5 to win a free ticket (worth $1), 1 in 100 to
Fantom [35]

Answer:

$0.36

Explanation:

Expected value of the lottery ticket = (p1 x a1) + (p2 x a2) + (p3 x a3) + (p4 x a4)

p1 = probability of winning $1 = 1/5 = 0.2

a1 = $1

p2 =  probability of winning $5 = 1/100 = 0.01

a2 = $5

p3 =  probability of winning $1000 = 1/100,000 = 0.00001

a3 = $1000

p4 =  probability of winning $1 million = 1/10,000,000 = 0.0000001

a4 = $1 million

(0.2 x 1) + (0.01 x 5) + (0.00001 x 1000) + (1,000,000 x 0.00001) = $0.36

4 0
3 years ago
. Which one of the following is an example of an economic good? (a) visit to a dentist (b) pair of sneakers (c) lesson taught by
Anvisha [2.4K]

Answer:

b

Explanation:

b :because an enconomic good is something you pay for

7 0
3 years ago
Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
Lemur [1.5K]

Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

     To Cash $400

(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

      To Petty Cash $278

(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

($460 - $400)

     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

6 0
4 years ago
Majority rule, first-come/first-served, and sharing equally are examples of _____ .
Trava [24]
The examples mentioned above are examples of non-market distribution method, Non-market distribution method is a process wherein the distribution products, services, and goods does not have profit motivation. In most cases, products, goods, and services are offered for a low price.
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4 years ago
Read 2 more answers
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