A marketer wants to market a product. Unit variable cost is $16. The fixed cost is $400,000.

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

Question:

A marketer wants to market a product. Unit variable cost is $16. The fixed cost is $400,000. He expects to sell 80,000 units of the product and wants to earn a 30% mark up on sales. How much should the mark up price be for this product?

Related Book For answer-question

Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

See More Books

Posted Date: Jan 10, 2024 05:49 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The public image of business in the latter part of the nineteenth century was hardly flattering. The adventures of so-called Robber Barons constantly made the headlines and their exploits matched...
In 2015, John decided to start up his own brewery, Tasmania Microbrewery Inc (TMI). His family supported his decision and joined him in investing in the business. TMI began operations on January 1,...
What is the discount yield, bond equivalent yield, and effective annual return on a $ 5 million commercial paper issue that currently sells at 98.625 percent of its face value and is 136 days from...
A white-crowned sparrow flying horizontally with a speed of 1.80 m/s folds its wings and begins to drop in free fall. (a) How far does the sparrow fall after traveling a horizontal distance of 0.500...
The diagram shows the line y = x 1 meeting the curve with equation y = (x 1)(x 5) at A and C. The curve meets the x-axis at A and B. a. Write down the coordinates of A and B and find the...
For the plate described in Problem 8.23, find the equations for the plate natural frequencies and determine the effects of positive (tensile) and negative (compressive) in-plane loads $N_{x}$ and...
1. What do you think has been more important to the survival of the AvedisZildjian Company, its trade secrets for manufacturing cymbals or the commitment of the family? 2. If you were a consultant to...
A block of mass 2 kg is attached to a spring with a spring constant of 100 N/m. The block is released from rest and moves along a rough horizontal surface with a coefficient of friction of 0.2. How...
TurboX is a online video game company that makes three types of video games: action, role play, and sports. It is interested in understanding its millennial customers. By combining the data from its...
When payments are made at the beginning of a lease period in a finance lease, the lessee Multiple choice question. reduces the lease obligation for the full amount of the first payment. computes...
Suppose Third State Bank wants to add a new branch office. They have determined that the cost of construction on the new facility will be $1.5 million with another $500,000 in organizational costs....
Tiger Air, one of the largest Asian airlines in terms of passenger numbers, has enjoyed rapid growth since its establishment in 1980. It has 199 Boeing B-737, with 113 backorders. Assume that a new...
Solve the heat equation Ou/dt = ko2u/dx2, 0 0 (L,t) = 0 t>0. (a) u(x, 0) = { 0 L/2 L 87x (c) u(x, 0) = -2sin (d) u(x, 0)=-3 cos
1. Suppose you are required to study the feasibility of installing a new high broadband service provided by your telecommunication provider to a remote village. Analyse TWO (2) advantages and...
If there are 400 million M&M's produced each day, find the number of M&M's produced daily per capita, using the US population is approximately 324 million
Mahre, Incorporated, a New York corporation, runs ski tours in a several states. Mahre also has a New York retail store and an Internet store which ships to out of state customers. The ski tours...
Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .
Classify each of the following as direct or indirect (D or I) with respect to trace ability to product and as variable or fixed (V or F) with respect to whether the cost fluctuates in total as...
What is the purpose of a management control system?
A growing corporation in a large city has offered a 200-room hotel a one-year contract to rent 40 rooms at reduced rates of $50 per room instead of the regular rate of $86 per room. The corporation...
What is meant by the statistical significance of differences? How does this notion underpin marketing research?
Do association analysis and the correlation coefficient explicitly assume a cause-and-effect relationship? State the reasons for your answer.
What must be determined before using correlation? Why is it essential?

A marketer wants to market a product. Unit variable cost is $16. The fixed cost is $400,000.

Question:

Expert Answer:

The markup price of a product can be calculated by first finding the total cost the markup and final... View the full answer

Management Accounting

Students also viewed these finance questions