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ella [17]
3 years ago
6

A watch manufacturer incurs a variable cost of $10 per watch and fixed costs of $400,000. To earn a 25 percent markup on selling

price, the manufacturer would charge _____ for each of the 50,000 watches it expects to sell.
Business
2 answers:
masha68 [24]3 years ago
8 0

Answer:

$24

Explanation:

50,000 watches are sold

variable cost per watch = $10

fixed costs = $400,000

contribution margin to break even = $400,000 / 50,000 watches = $8 per watch

selling price without markup = $8 (contribution margin) + $10 (variable costs) = $18

X - 25% markup = $18

0.75X = $18

X = $18 / 0.75 = $24

WITCHER [35]3 years ago
6 0

Answer:

$22.50 per unit

Explanation:

Mark -up is the percentage of cost that is earned as profit.

Using mark-up,

Selling price = Total cost + total profit

Total cot = Fixed cost + variable cost

Total costs = $400,000 +  (10× 50,000)

                   = $900,000

Sales revenue = 125%× 900,000

                       = 1,125,000

Selling price per unit = Sales revenue/units

                       =1,125,000/50,000

                     = $22.50 per unit

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The job specification for the job that we have here is:  requires strong oral communication

<h3>What is a job specification?</h3>

This is the term that has to do with all of the physical qualities that a person would need to have in order to have them qualified to do well in a given job.

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Read more on job specification here: brainly.com/question/4677114

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Complete question

'While performing a job analysis, Lilia, the human resource manager, wrote the following job description and job specification: "Entry level accountant. Responsible for general ledger accountability, (GAAP), financial reporting and analysis, and other special projects as assigned. Requires strong oral and written communication. This is a full-time, entry-level position. Candidate must have a two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance." What is the job specification for this position?

Multiple Choice

requires strong oral and written communication.

two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance

entry-level accountant

full-time employee

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