QUESTION 1 The intimate apparel buyer wants to determine an initial markup percentage for the robe classification. The buyer knows that the gross margin is 42%, markdowns are at 35%, and shortages are at 1%. Calculate the initial markup percentage.
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- A dress has a mark up of 150.Its mark up rate based on cost is 15% . Question: What is the selling price, cost, and mark up rate based on selling price? Please answer it completely if not don't answer it. Thanks tutor.Assume markup is based on cost. Find the dollar markup and selling price for the following problem. (Round your answers to the nearest cent.) Item Cost Markup percent Dollar markup Selling price Burberry men's watch $410 40% 24 24 es Prey 1 of 16 Next >Refer to Cornerstone Exercise 3.4 for data on Dohini Manufacturing Companys purchasing cost and number of purchase orders. The controller for Dohini Manufacturing ran regression on the data, and the coefficients shown by the regression program are: Required: 1. Construct the cost formula for the purchasing activity showing the fixed cost and the variable rate. 2. If Dohini Manufacturing Company estimates that next month will have 430 purchase orders, what is the total estimated purchasing cost for that month? (Round your answer to the nearest dollar.) 3. What if Dohini Manufacturing wants to estimate purchasing cost for the coming year and expects 5,340 purchase orders? What will estimated total purchasing cost be? (Round your answer to the nearest dollar.) What is the total fixed purchasing cost? Why doesnt it equal the fixed cost calculated in Requirement 1?
- tudent question Time to preview question: 00 : 09 : 34 What should we price Fragrance at if we want to have a 45.6% margin. Account for unit cost, period expenses and overhead. The production cost is in the report. Ignore inventory carrying costs and assume period expenses and overhead is 50% of production cost. What should the price point be? Info given for Fragrance: Category Sales $28,413 Variable Costs Direct Material $11,755 Direct Labor $7,763 Inventory Carry $76 Total Variable Costs (Labor, Material, Carry) $19,594 Category Contribution Margin $8,819 Period Costs Depreciation $1,193 SG&A $0 R&D $970 Promotions $1,245 Sales $1,795 Administration $225 Total Period Costs $5,428 Net Margin $3,391 Current Price $38 Current Contribution Margin 31% Total units produced this year 748 Material cost per unit: $16.12 Labor cost per unit: 10.38 PRICING OPTIONS: 26.50 46.38 72.80 39.75 52.21 Please include all calculationsg) What is the selling price per mask if Personal Protective Gears manufactured 1,850 masks for theperiod under review and uses a mark-up of 25% on cost?Homoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509
- If an owner of a retail store uses a 40% markup on cost to determine a desired profit margin, what would be the rationale for marking up all items 40% versus setting different markups for individual products/product categories, to achieve the desired profit margin? allenge ProblemsA dress has a cost of 580. It was tagged to sell for 620 . 1.Find the mark up, Mark up rate based on cost, and mark up rate based on selling price. Please answer it completely with Solutions. Thanks tutor .A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.(a) Find the price-demand equation, assuming that it is linear.(b) Find the revenue function.(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?(d) What is the price of each item when maximum revenue is achieved?
- Deco Tiles is a small distributor of marble tiles. Deco identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2019: (Click the icon to view the details.) For 2019, Deco buys 280,000 marble tiles at an average cost of $3 per tile and sells them to retailers at an average price of $7 per tile. Assume Deco has no fixed costs and no inventories. Data table Activity 1. Placing and paying for orders of marble tiles 2. Receiving and storage 3. Shipping of marble tiles to retailers Cost Driver Number of orders Loads moved Number of shipments Quantity of Cost Driver 500 5,000 2,200 Cost per Unit of Cost Driver $80 per order $60 per load $50 per shipment XAssume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost