What is the markup on variable manufacturing costs

Assignment Help Accounting Basics
Reference no: EM133067116

QUESTION - Tracey Sales Co. has predicted the following costs for this year for 500,000 units:

 

Manufacturing

Selling and Administrative

Variable

$800,000

$250,000

Fixed

1,200,000

300,000

Total

$2,000,000

$550,000

Required - What is the markup on variable manufacturing costs needed to break even?

A. 150.00 percent

B. 218.75 percent

C. 212.50 percent

D. 25.00 percent

Reference no: EM133067116

Questions Cloud

Should Highope Ltd recognise an asset : Should Highope Ltd recognise an asset in relation to the exploration costs? Justify in accordance with the relevant Conceptual Framework definition
Data and classifying data impact data mining : How does data and classifying data impact data mining? What is association in data mining? Discuss cluster analysis concepts.
Benefits of creating a single financial market : Please read Country Focus: a Single European Market in Financial Services on page 260 in the 8th edition and answer the following questions:
Elements of project management : Explore the similarities and differences between operational management and project management - elements of project management
What is the markup on variable manufacturing costs : Tracey Sales Co. has predicted the following costs for this year for 500,000 units: What is the markup on variable manufacturing costs
What is false discovery rate : What is a false discovery rate? Can a false discovery rate be completely avoided? Explain.
Asymmetric information and adverse selection : An employer needs to make a hiring decision and bring new employees on board. Some preliminary research indicated that 1/4 of the pool could bring $50,000 value
What is the efficient use of water per farmer : Consider 5 farmers located close to a lake. The lake is used by 5 recreational users for swimming. The farmers use fertilizer with marginal benefits MB = 12 - 2
What is the total interest earned : You have invested Php 20,000 at interest rate of 0.013 percent per day, compounded daily for a period of January 1, 2020 to December 31, 2025.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which the value of cash flow today discounted at discount

Kurt will receive $100,000 in 5 years. The value of this cash flow today discounted at his discount rate is called which one of the following?

  What are the documentation requirements

What are the documentation requirements concerning a client's internal control components and the assessed level of control risk

  Prepare entries related to the bonds for the year

Interest of 12% per annum is payable semi-annually on April 1 and October 1. Prepare entries related to the bonds for the year 2012-2014

  What is the trend of amortization

In which reclassification shall the entity interpolate a new effective interest rate for newly classified investment in debt securities?

  Discuss what is the mean for long-term financing

Explain the difference between "hedging" and "speculating" by explaining why someone who wishes to "hedge" against inflation might choose to purchase gold.

  Explain difference in demand under two allocation schemes

Explain the difference in demand under the two allocation schemes. Since the demand is declining the CFO is considering closing the internal consultancy.

  Marx promote as society most influential institution

Which system did Marx promote as society's most influential institution?

  Describe the effect on the income of the shareholder

Describe the effect on the income of the shareholder (using the 17% gross-up and tax credit),on the PUC (Paid-up capital) of the shares

  How many shares were authorized for maine yacht corporation

How many shares were authorized? The corporate charter of Maine Yacht Corporation allows the issuance of a maximum of 3,000,000 shares

  How is the vacation pay reported on the balance sheet

How is the vacation pay reported on the company's balance sheet? When is this amount removed from the company's balance sheet

  How do you make an income statement

The book value of the division's assets was $1,050,000, How do you make an income statement for 2021 beginning with income from continuing operations

  Discuss the at-risk limitations relating to individuals

Discuss the at-risk limitations relating to individuals and closely held corporations

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