Homework Answers
Selling Price = Cost of Buying + Expenses + Profit
Selling price = 5.24 + 138% of 5.24 + 135% of 5.24
= 5.24 + 7.245 + 7.0872
= 19.5725
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Guiseppe's buys supplies to make pizzas at a cost of $5 24 Operating expenses of the...
Guiseppe's buys supplies to make pizzas at a cost of $5 24. Operating expenses of the...
Guiseppe's buys supplies to make pizzas at a cost of $5 24. Operating expenses of the business are 173% of the cost and the profit he makes is 191% of cost. What is the regular sellir price of each pizza? The regular selling price of each pezza is 5 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Guiseppe's buys supplies to make pizzas at a cost of $5.93. Operating expenses of the business...
Guiseppe's buys supplies to make pizzas at a cost of $5.93. Operating expenses of the business are 117% of the cost and the profit he makes is 184% of cost. What is the regular selling price of each pizza? The regular selling price of each pizza is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Hi. I need assistance with this financial math question. Thanks :) A clothing store buys scarves...
Hi. I need assistance with this financial math question. Thanks
:)
A clothing store buys scarves for $34.00 less 22% for buying over 50 pairs, and less a further 15–% for buying last season's style. The scarves are then marked up to cover overhead expenses of 33% of cost and a profit of 337% of cost. (a) What is the regular selling price of the scarves? b) What is the maximum amount of markdown to break even? (c) What is...
Unit operating expenses for an item costing $94 are estimated at 30% of cost, and the...
Unit operating expenses for an item costing $94 are estimated at 30% of cost, and the desired operating profit is 20% of cost. a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Selling price b. Determine the rate of markup on cost. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Markup on cost c. Determine the rate of markup on selling price. (Do not...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangi...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 19 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 lbs. 0.335 $1.40 $14.00 Cheese 0.375 2.70 29.70 Sausage 0.290 2.00 18.00 Total $61.70 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total,...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores....
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 18 giant-size sausage pizzas. Direct Material Mix Proportion SP Standard Cost Mix 10 lbs. 0.320 $1.50 $15.00 Tomato sauce Cheese 11 0.375 31.90 2.90 2.00 Sausage 0.305 18.00 Total 30 lbs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process....
A depar ment store paid S41.89 or a dinner plata set verhead expense s 19% of...
A depar ment store paid S41.89 or a dinner plata set verhead expense s 19% of the regular selling price and profit s 19% of the regular selling pnce During a clearance sa the set as sold at a markdown of 24% what was the operating profit or loss on the sa The operatingwas Round the final answer to the nearast cent as needed Round all intermediats values to six decimal places as needed)
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia de...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 17 giant-size sausage pizzas. Direct Material Mix SP Standard Cost Tomato sauce 10 lbs. $1.40 $14.00 Mix Proportion 0.330 0.360 0.310 Cheese 11 2.70 29.70 Sausage 2.10 18.90 Total 30 lbs. $62.60 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,133 frozen sausage pizzas) into process....
A sports store purchased tennis racquets for $73.21 less 37% for purchasing more than 100 items,...
A sports store purchased tennis racquets for $73.21 less 37% for purchasing more than 100 items, and a further 33% was reduced for purchasing the racquets in October. The racquets were sold to customers for $54.76. (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is $ (Round the final answer to the nearest...
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03...
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03 per litre of oil (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer...
Guiseppe's buys supplies to make pizzas at a cost of $5 24. Operating expenses of the business are 173% of the cost and the profit he makes is 191% of cost. What is the regular sellir price of each pizza? The regular selling price of each pezza is 5 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Guiseppe's buys supplies to make pizzas at a cost of $5.93. Operating expenses of the business are 117% of the cost and the profit he makes is 184% of cost. What is the regular selling price of each pizza? The regular selling price of each pizza is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Hi. I need assistance with this financial math question. Thanks
:)
A clothing store buys scarves for $34.00 less 22% for buying over 50 pairs, and less a further 15–% for buying last season's style. The scarves are then marked up to cover overhead expenses of 33% of cost and a profit of 337% of cost. (a) What is the regular selling price of the scarves? b) What is the maximum amount of markdown to break even? (c) What is...
Unit operating expenses for an item costing $94 are estimated at 30% of cost, and the desired operating profit is 20% of cost. a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Selling price b. Determine the rate of markup on cost. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Markup on cost c. Determine the rate of markup on selling price. (Do not...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 19 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 lbs. 0.335 $1.40 $14.00 Cheese 0.375 2.70 29.70 Sausage 0.290 2.00 18.00 Total $61.70 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total,...
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 18 giant-size sausage pizzas. Direct Material Mix Proportion SP Standard Cost Mix 10 lbs. 0.320 $1.50 $15.00 Tomato sauce Cheese 11 0.375 31.90 2.90 2.00 Sausage 0.305 18.00 Total 30 lbs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process....
A depar ment store paid S41.89 or a dinner plata set verhead expense s 19% of the regular selling price and profit s 19% of the regular selling pnce During a clearance sa the set as sold at a markdown of 24% what was the operating profit or loss on the sa The operatingwas Round the final answer to the nearast cent as needed Round all intermediats values to six decimal places as needed)
Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 17 giant-size sausage pizzas. Direct Material Mix SP Standard Cost Tomato sauce 10 lbs. $1.40 $14.00 Mix Proportion 0.330 0.360 0.310 Cheese 11 2.70 29.70 Sausage 2.10 18.90 Total 30 lbs. $62.60 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,133 frozen sausage pizzas) into process....
A sports store purchased tennis racquets for $73.21 less 37% for purchasing more than 100 items, and a further 33% was reduced for purchasing the racquets in October. The racquets were sold to customers for $54.76. (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is $ (Round the final answer to the nearest...
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03 per litre of oil (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer...
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