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Cornerstones of Managerial Accounting Study Set 1
Quiz 13: Short-Run Decision Making: Relevant Costing
Macallister Company Charges Cost Plus 35
Question 45
Multiple Choice
MacAllister Company charges cost plus 35%.Suppose the price of an item is $90.What is the item's cost? A) $50.00 B) $62.50 C) $66.67 D) $80.00
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Related questions
Q 46
Acron Construction charges each customer a price equal to the cost of direct materials and direct labour plus 40%.Job 126 included the following costs:
What price does Acron charge for Job 126? A) $46,800 B) $65,400 C) $86,000 D) $148,400
Q 47
Home Hardware sets prices at cost plus 90% of cost.The cost of a cordless drill kit is $45.What price is charged by Home Hardware for the cordless drill kit? A) $27.50 B) $34.00 C) $42.00 D) $85.50
Q 48
Travers Company sets prices equal to cost plus 55%.Recently,Travers charged a customer a price of $60 for an item.What was the cost of the item to Travers? A) $25.20 B) $38.71 C) $40.32 D) $42.00
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