The following cost information pertains to the new CD: CD package and disc (direct...
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Accounting
The following cost information pertains to the new CD:
CD package and disc (direct material and labor): $2.50/CD
Songwriters royalties: $0.70/CD
Recording Artists royalties: $2.00/CD
Advertising & promotion: $380,000
Sony Records Inc,s Overhead: $300,000
Selling price to CD Distributor: $10.00
3) Knowing they had been selling 100,000 CDs, what percent does this change in sales represent?
A.
25.36%
B.
12.43%
C.
79.17%
D.
15.63%
E.
None of the above
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