Solve the company mark-up percentage on total variable cost

Assignment Help Managerial Accounting
Reference no: EM132581157

Question 1: During the last fiscal year, MLX Inc had revenues and expenses of $250,000 and $150,000 respectively on sales of 10,000 units. The company had net operating assets of $200,000. The company's required rate of return for approval of projects is 20%. MLX's total fixed costs were $80,000. The company's expenses included $30,000 of selling, general and administrative expenses, $10,000 of were variable. Calculate the company's mark-up percentage on total variable cost if the company expects to sell 15,000 units during the next fiscal year.

Option a) 20%

Option b) 40%

Option c) 85.7%

Option d) 90%

Reference no: EM132581157

Questions Cloud

Project cost and time management : Analyze methods for planning, estimating, budgeting, and controlling costs. Evaluate the impact of technology on business
Calculate abc target cost based on the information provided : ABC uses operating assets valued $40 million and desires a return on these assets of 15%. Calculate ABC's target cost based on the information provided.
Describe the key concepts underlying community activism : Describe the key concepts underlying community activism and give examples of how each of these concepts applies to a specific context.
What is the probability that a woman chosen at random : What is the probability that a woman chosen at random has a pregnancy lasting more than 270 days?
Solve the company mark-up percentage on total variable cost : Solve the company's mark-up percentage on total variable cost if the company expects to sell 15,000 units during the next fiscal year.
Risk management and quality management departments : Creating an organizational structure that supports collaboration between the risk management and quality management departments.
ECOM101 - E-Commerce Assignment : ECOM101 - E-Commerce Assignment Help and Solution - College of Administrative and Financial Sciences- Saudi Electronic University - Assessment Writing Service
Calculate the company mark-up percentage on total variable : Calculate the company's mark-up percentage on total variable cost if the company expects to sell 18,000 units during the next fiscal year.
Describe the quantitative research sampling strategies : What is the difference between qualitative and quantitative research sampling strategies? Compare and contrast the strategies and describe some of the advantage

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Make a production budget for the months

Compute the budgeted cash payments, for purchases of direct material, that would appear on the December cash budget. Make a production budget for the months

  What is the cost of the raw materials requisitioned in june

As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.

  How many panda bears must be produced and sold each month

How many Panda Bears must be produced and sold each month to break even? Write a one-paragraph interpretation of the information presented in the table.

  Should acme accept the special toy order

How many bottles and toys should ACME manufacture? How many toys should it subcontract out? Should ACME accept the special toy order?

  Whats the impact on taxes on the financial statements

Whats the impact on taxes on the financial statements for changing the allowance for doubtful accounts and bad expenses?

  How to calculate the days sales in inventory

Can you explain how to calculate the Ratio, Days Sales in Inventory, Average Collection Period, Dividends Payout Ratio, Return on Sales and Current Ratio?

  Discuss observations about the variances

Discuss your observations about the variances and ways to plan to improve any of the variances. Calculate Materials Variances,Calculate Labor Variances

  Calculate the firms turnover and average total assets

Firm E has net income of $150,000, sales of $2,500,000, and ROI of 15%. Calculate the firm's turnover and average total assets.

  Difference between transaction drivers and duration drivers

Describe the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity and describe the difference between transaction drivers and duration drivers. When would one type be preferre..

  What is the common-size percentage for the cost of sales

$1,500,000; gross profit $640,000; net income $40,000 and income tax expense $35,000. What is the common-size percentage for the cost of sales?

  Solve the firm EOQ for the item of inventory described

Solve the firm's EOQ for the item of inventory described,Vargas enterprises wishes to determine the economic order quantity (EOQ)

  Calculate the level of ticket sales for each price

Calculate the level of ticket sales for each price, at which the company would be indifferent as between the fixed and percentage fee alternative.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd