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Author Question: Spot-On wants to begin manufacturing and selling a new product, the Sporty Spot. Spot-On requires a ... (Read 26 times)

dusk108

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on: Feb 5, 2023

Question 1

Patch Work's product, Patch Supreme, sells for $62.00 and its variable cost is $44.60 while the cost of goods sold per unit is $42.80. What is Patch Work's markup percentage on variable cost and what is its gross margin percentage?
◦ 39%; 31%
◦ 28%; 31%
◦ 39%; 45%
◦ 28%; 45%

Question 2

Spot-On wants to begin manufacturing and selling a new product, the Sporty Spot. Spot-On requires a 25% gross margin on all new products. Marketing research indicates customers are interested in purchasing the Sporty Spot. If the production supervisor has agreed to produce the Sporty Spot at its target cost of $6.75 per unit, what is the price customers are willing to pay for the Sporty Spot (if necessary, round your answer)?
◦ $27.00
◦ $5.40
◦ $9.00
◦ $8.44
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by dusk108 on Feb 5, 2023

bainer89

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

shailee

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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