Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cost-based pricing and markups with variable costs

Cost-Based Pricing and Markups with Variable Costs Compu Services provides computerized inventory consulting. The office...

80.2K

Verified Solution

Question

Accounting

Cost-Based Pricing and Markups with Variable Costs Compu Services provides computerized inventory consulting. The office and computer expenses are $600,000 annually and are not assigned to specific jobs. The consulting hours available for the year total 20,000, and the average consulting hour has $30 of variable costs. (a) If the company desires a profit of $160,000, what should it charge per hour? $Answer

(b) What is the markup on variable costs if the desired profit is $240,000? Answer

% (c) If the desired profit is $60,000, what is the markup on variable costs to cover (1) unassigned costs and (2) desired profit? Markup to cover unassigned costs Answer

% Markup to cover desired profits Answer

%

Feedback

Incorrect

Marks for this submission: 0.00/4.00.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

A servomechanism has an open loop transfer function of G(s) = 10 / s (1+0.5s) (1+0.1s) Draw...

Biology
1.2K views

Colonization refers to host invasion of pathogenic microorganisms the presence of bacteria in the blood...

Physics
1.2K views

When a charged particle moving with velocity v is subjected to a magnetic field of...

Basic Math
1.2K views

Determine the common ratio r the fifth term and the nth term of the geometric...

Algebra
1.2K views

What is the sum of the infinite series 1 A B cil T 9 5...

Accounting
1.2K views

When the length of the financing is directly related to the life of the asset...

Accounting
1.2K views

8) Champion Inc. reports the year-end information from 2018 as follows: Sales (100,000 units) Less:...

Accounting
1.2K views

On January 1, 2024, Paradise Tours borrows $39,000 by agreeing to a 6%, four-year note...

Accounting
1.2K views

The November 30,2021, unadjusted trial balance of OnPoint is found in the Trial balance tab....

Accounting
1.2K views

Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its...

Finance
1.2K views

Question 9 4 pts General Motors (GM) issued a 10-year bond 2 years ago with...

Finance
1.2K views

You observe the following data on two default-free government bonds with face value $100 BondMaturity...