Homework Clinic

Social Science Clinic => Accounting => Topic started by: sh03641 on Feb 5, 2023

Title: Grassi Company produces high definition television sets. The following information is available for ...
Post by: sh03641 on Feb 5, 2023

Question 1

Lochte Inc. has collected the following data concerning one of its products:

Unit sales price $145
Total sales 15,000 units
Unit cost $115
Total investment $1,800,000

The markup percentage is
◦ 20.69%.
◦ 26.09%.
◦ 25%.
◦ 22.59%.

Question 2

Grassi Company produces high definition television sets. The following information is available for this product:

Fixed cost per unit$250
Variable cost per unit750
Markup per unit300

Grassi Company's markup percentage is
◦ 120%.
◦ 30%.
◦ 40%.
◦ 60%.
Title: Grassi Company produces high definition television sets. The following information is available for ...
Post by: gcurrens on Feb 5, 2023

Answer 1

26.09%.

($145 - $115) ÷ $115 = 26.09%

Answer 2

30%.

$300 ÷ ($250 + $750) = 30%