A job has production costs of K78,500. Administration and selling and distribution overhead is added at 25%

Fantastic news! We've Found the answer you've been seeking!

Question:

A job has production costs of K78,500. Administration and selling and distribution overhead is
added at 25% of production cost. Calculate the selling price if:
(a) the profit mark-up is 20%
(b) the gross profit margin is 40%.

Related Book For answer-question

Organic Chemistry

ISBN: 9780495112587

7 Edition

Authors: John McMurry

See More Books

Posted Date: Jan 06, 2023 12:55 AM

See More Questions

You are given the following unit cost data for Sun-Power Company: Required Determine the carrying cost of each item, and record the adjusting entry to the inventory account. B. $183 Historical cost...
Calculate gross profit margin (gross profit/sales), operating profit margin (operating profit/sales), and net profit margin (net earnings/sales) for each of these companies. If a particular ratio...
Calculate RONA's gross margin for fiscal 2010 and 2011. Assuming that all other expenses remain the same, what would RONA's net income or loss before taxes have been if it had the same gross margin...
Graph each inequality or compound inequality. 5x - y > 6
Chippewas Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2014, to expand its production capacity to meet customers demand for its product. Chippewas issues an...
Evaluate each expression in Exercises 5566, or indicate that the root is not a real number. -16
If $10 \mathrm{~J}$ of magnetic potential energy is stored in a $5.0-\mathrm{H}$ inductor, what is the current in the inductor?
Cash Flow Hedge on January 2, 2010, Parton Company issues a 5-year, $10,000,000 note at LIBOR, with interest paid annually. The variable rate is reset at the end of each year. The LIBOR rate for the...
6. If the tangent to the curve y = x at the point P(t, t) meets the curve again at Q, then the ordinate of the point which divides PQ internally in the ratio 1:2 is: (a) 0 7. (b)-t The system of...
A heat engine running backward is called a refrigerator if its purpose is to extract heat from a cold reservoir. The same engine running backward is called a heat pump if its purpose is to exhaust...
Make a set of Java classes to simulate a line of Contestants. You are given the class Person, and you will make a Contestant class, where Contestant extends Person. Start simple to make sure your...
How can data analytics help managers cope with the increasing uncertainty inherent in the business environment?
Describe how the concept of bottlenecks would apply to services as well as products. Give some examples from your experience.
Distinguish briefly between auditors contractual liability and their liability to third parties.
Does the TOC apply to services as well as to products?
When a line cannot be perfectly balanced, some people will have more work time than others in each cycle. What might be a solution for this situation?
The following is the Profit & Loss Account of Mr. X for the year that ended on 31st March 2020. Compute his taxable income from the business for that year: Particulars INR Particulars INR Opening...
Question 2 For an n x n matrix A = form) via (aij)
How would you prepare the following substances from Pentanoic acid? (a) Pentanamide (b) Butyl amine (c) Pentylamine (d) 2-Bromopentanoic acid (e) Hexane nitrile (f) Hexylamine
Give IUPAC names for the followingcompounds: H CHCH2CCH H CH CHH2CH2CH (b) (e) CHH2H2C CH (a) H-H H CH3CH2CHCH2CH,CHCH3 (e) CH H CHCH2CH2CHCH2CH CH CH-H>H3 (d)
Convert the following molecular formulas into line-bond structures that are sonsistent with valence rules: (a) C3H8 (b) CH5N (c) C2H6O (2 possibilities) (d) C3H7Br (2 possibilities) (e) C2H4O (3...
The day after the incident described in Problem 44, the instructor finds herself in the same situation. This time, she tries a harder physics exercise. She keeps running at a constant \(6.0...
The $x$ component of the velocity of a car changes from $-10 \mathrm{~m} / \mathrm{s}$ to $-2.0 \mathrm{~m} / \mathrm{s}$ in $10 \mathrm{~s}$. (a) Is the car traveling in the positive or...
(a) A car is speeding up in the negative $x$ direction. In what direction do $\vec{a}$ and $\vec{v}$ point? (b) To which of the four graphs in Figures 3 . 2 and 3 . 3 does the situation...

A job has production costs of K78,500. Administration and selling and distribution overhead is added at 25%

Question:

Expert Answer:

The detailed ... View the full answer

Organic Chemistry

Students also viewed these accounting questions