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Author Question: Grassi Company produces high definition television sets. The following information is available for ... (Read 3 times)

sh03641

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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%.


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Marked as best answer by sh03641 on Feb 5, 2023

gcurrens

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sh03641

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


fatboyy09

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Reply 3 on: Yesterday
Excellent

 

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