Answer:
40%
Explanation:
The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:
Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000
The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.
Therefore, the markup percentage to the variable cost using the variable cost method is 40%.
Answer:
Spending on durable goods = $452 trillion
Explanation:
This is a quite straightforward question, consumption can be defined as follows:
Consumption = Spending on Non-durable goods + Spending on durable goods + Spending on services. Therefore:
Spending on durable goods = $3.708 - $1.215 - $2.041
Spending on durable goods = $452 trillion
Answer:
A ledger can be prepared manually or by computer. 5. Footings replace the need for debits and credits.
Make customers feel welcome and a home encouraging customer loyalty
Answer:
Purchases= $3,620
Explanation:
Giving the following information:
Beginning inventory= $720
Ending inventory= $640
Purchase= ?
Used in the period= $3,700
<u>To calculate the purchases, we need to use the following formula:</u>
Purchases= used in the period + desired ending inventory - beginning inventory
Purchases= 3,700 + 640 - 720
Purchases= $3,620