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Author Question: Bluegreen's most popular product has a variable cost of $43.56. On Bluegreen's income statement, the ... (Read 29 times)

Tiffanyanne824

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Question 1

Monty's has one product with a variable cost of $19.80 and a cost of goods sold per unit of $18.32. If Monty sells this product for $24.75, what is Monty's markup percentage based on variable cost per unit and based on cost of goods sold?
◦ 25%; 35%
◦ 26%; 20%
◦ 35%; 25%
◦ 20%; 26%

Question 2

Bluegreen's most popular product has a variable cost of $43.56. On Bluegreen's income statement, the cost of goods sold per unit is $40.29. If Bluegreen's markup percentage on variable cost is 25% and its gross margin is 26%, what is the selling price of this product?
◦ $53.72
◦ $58.08
◦ $54.45
◦ $58.86


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Marked as best answer by Tiffanyanne824 on Feb 5, 2023

AarionnaH

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Tiffanyanne824

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


T4T

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Reply 3 on: Yesterday
Wow, this really help

 

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