121.The unit selling price for the company's product is
a. $16.32
b. $13.44
c. $12.10
d. $13.72
122.The markup percentage for the sale of the company's product is
a. 14%
b. 5.6%
c. 45.71%
d. 11.2%
123.The dollar amount of desired profit from the production and sale of the company's product is
a. $89,600
b. $39,200
c. $70,000
d. $84,000
124.What pricing concept is used if all costs are considered and a fair markup is added to determine the selling price?
a.total cost concept
b.demand-based concept
c.variable cost concept
d.fixed cost concept
125.What cost concept used in applying the cost-plus approach to product pricing includes only desired profit in themarkup?
a.product cost concept
b.variable cost concept
c.sunk cost concept
d.total cost concept
126.When using the total cost concept of applying the cost-plus approach to product pricing, what is included in themarkup?
a.total selling and administrative expenses plus desired profit
b.total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
c.total costs plus desired profit
d.desired profit
127.When using the variable cost concept of applying the cost-plus approach to product pricing, what is included in themarkup?
a.total costs plus desired profit
b.desired profit
c.total selling and administrative expenses plus desired profit
d.total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling andadministrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit.
128.Determine the markup percentage on total cost.
a. 100%
b. 110%
c. 80%
d. 46.5%
129.Determine the markup percentage on variable cost.
a. 100%
b. 110%
c. 80%
d. 46.5%