18 Jan Question 1 (1 point) Question 1 Unsaved Tory Compa
Question 1 (1 point) Question 1 Unsaved Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:Units Sold Price Total Variable Costs Fixed Costs 120,000$48 $3,000,000 $1,000,000 150,500$45 $3,540,000 $1,000,000 160,000$40 $4,000,000 $1,000,000 180,000$35 $4,500,000 $1,000,000 200,000$30 $5,000,000 $1,000,000 How much profit will Troy have if a price of $45 is charged?Your Answer: Question 1 options:Answer Save Question 2 (1 point) Question 2 Unsaved The Falling Snow Company is considering production of a lighted world globe that the company would price at a markup of 0.30 above full cost. Management estimates that the variable cost of the globe will be $64 per unit and fixed costs per year will be $240,000.Assuming sales of 1,200 units, what is the full cost of a globe with a 0.30 markup?Your Answer: Question 2 options:Answer Save Question 3 (1 point) Question 3 Unsaved The Falling Snow Company is considering production of a lighted world globe that the company would price at a markup of 0.25 above full cost. Management estimates that the variable cost of the globe will be $60 per unit and fixed costs per year will be $240,000.Assume that the quantity demanded at the price calculated in part a is only 600 units. What is the full cost of the globe with a 0.25 markup?Your Answer: Question 3 options:Answer Save Question 4 (1 point) Question 4 Unsaved Wizard Corporation has analyzed their customer and order handling data for the past year and has determined the following costs:Order processing cost per order$7 Additional costs if order must be expedited (rushed)$10.00Customer technical support calls (per call)$12 Relationship management costs (per customer per year)$1200In addition to these costs, product costs amount to 75%In the prior year, Wizard had the following experience with one of its customers, Chester Company:Sales$15,000 Number of orders160 Percent of orders marked rush.70 Calls to technical support80Required:Calculate the profitability of the Chester Company account.Your Answer: Question 4 options:Answer Save Question 5 (1 point) Question 5 Unsaved When a firm adds a predetermined percentage to the cost of its product for pricing purposes, it is called:Question 5 options:incremental pricingdemand pricingcost-plus pricingcost plus demand pricingSave Question 6 (1 point) Question 6 Unsaved PowerDrive, Inc. produces a hard disk drive that sells for $175 per unit. The cost of producing 25,000 drives in the prior year was:Direct material $625,000 Direct labor 375,000 Variable overhead 125,000 Fixed overhead1,500,000 Total cost $2,625,000 At the start of the current year, the company received an order for 3,600 drives from a computer company in China. Management of PowerDrive has mixed feelings about the order. On the one hand they welcome the order because they currently have excess capacity. Also, this is the company first international order. On the other hand, the company in China is willing to pay only $135 per unit.What will be the effect on profit of accepting the order? Your Answer: Question 6 options:Answer Save Question 7 (1 point) Question 7 Unsaved Another name for menu-based pricing is:Question 7 options:Cost-plus pricingCustomer profitability pricingProfit maximizing pricingActivity-based pricingSave Question 8 (1 point) Question 8 Unsaved A company has $35 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 108,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?Your Answer: Question 8 options:Answer
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