MKTG 3700 Quiz 2

Panda Toys Inc. plans to sell one line of its panda toys for $ 20. The material cost per unit is $ 4 and unit labor cost is $ 6. The annual overhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. If the unit selling price increased by $22,, what is the $BEP for the company?

$1,100,000

Applet sold 50,000 units of smart phones to retailers for $ 80 per unit. The unit material cost is $20 and unit labor cost is $ 30. The annual manufacturing costs are $ 1 million and the promotion and advertising cost $500,000. What is $profit for the company?

$0

Panda Toys Inc. plans to sell one line of its panda toys for $ 20. The material cost per unit is $ 4 and unit labor cost is $ 6. The annual overhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. If the unit labor cost dropped to $5, what is the $BEP for the company?

$1,090,920

Sunshine company manufactures 100,000 table fans every year with a unit selling price of $20. The direct material cost for a table fan is $5, and direct labor cost is $4. The factory overhead is $150,000 and the administrative costs are $ 200,000. The company also expends $ 150,000 on advertising every year. What is the total $Contribution of the table fans?

$1,100,000

Panda Toys Inc. plans to sell one line of its panda toys for $ 20. The material cost per unit is $ 4 and unit labor cost is $ 6. The annual overhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. what is the $C of this panda toy line?

$10

a manufacturer makes a product for $6 and adds a 25% profit on selling price. the sell to a wholesaler who sells it for 50% markup based on manufacturer selling price. the retailer marks it up by 25% on consumer purchase price and sells the product to the consumer. what is the total $ markup in going from manufacturer's cost to consumer purchase price, the $ difference between the two?

$10

a manufacturer makes a product for $8 and adds a 20% profit in the wholesaler purchase price. the wholesaler then sells it for 50% markup based on manufacturer selling price. the retailer marks it up by 33.33% on wholesaler selling price and sells the product to the consumer. what is the total $ markup in going from manufacturer's cost to consumers purchase price, the difference $ between the two?

$12

ABC manufacturing company sells each of its tractors at $20,000 directly to the retailers. The direct labor and material cost $8,500. What is ABC's $C for each tractor?

$10,500

Sunny Wonderland sells its books to the wholesalers at $8 each, which sells it to the retailers at the 10% muc. The retailer sells the books to the consumers at 15%musp. What is the purchase of the consumers?

$10.35

Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost is $15. The total promotion and marketing costs are $100,000. The facility expenses are $80,000 per year and other overheads cost $20,000. What is the net contribution or CTM of 10,000 fans?

$150,000

Consumers buy swimming goggles at $20 per pair. The retailer sells the goggles at a 20 %musp. The manufacturer adds $ 2 to its cost and sells it to the wholesaler. What is the selling price of the wholesaler?

$16

ATT Inc. is developing a new type of cordless phone that would be sold for $ 50 per unit. The unit material cost is $ 10 and unit labor cost is $ 15. The R&D costs incurred so far for the prototype are $ 500,000. The annual manufacturing costs are $ 1 million and the promotion and advertising costs are expected to be $500,000. What is $BEP for the company?

$3,000,000

Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost is $15. The total promotion and marketing costs are $100,000. The facility expenses are $80,000 per year and other overheads cost $20,000. What is the unit contribution of each fan?

$35

ATT Inc. sells a cordless phone for $ 50 per unit. The unit material cost is $ 10 and unit labor cost is $ 15. The annual manufacturing overheads are $ 1 million and promotion and advertising costs are $500,000. The product line has a $ 6 million investment and the expected return on its investment is 10%. What is $RLS for the company?

$4,200,000

Sunshine company manufactures 100,000 table fans every year with a unit selling price of $20. The direct material cost for a table fan is $5, and direct labor cost is $4. The factory overhead is $150,000 and the administrative costs are $ 200,000. The company also expends $ 150,000 on advertising every year. What are the total fixed costs of the company?

$500,000

Snowflake Inc. sells its ice skates to the wholesalers at $200 a box. Each box has 5 pairs of ice skates. The wholesalers add $10 to each pair of ice skates and sell them to the retailers. The retailers sell each pair at 10%muc. What is the selling price of the retailer per pair of ice skates?

$55

a retailer sells widgets for $15.00 after marking up 50% on consumer purchase price. the wholesaler had sold the widgets to the retailer at a markup of 20% on manufacturer selling price. in this instance, what is the manufacturer selling price?

$6.25

a retailer sells a product for $20 after marking up 25% on consumer purchase price. the wholesaler's markup is 50% based on retailer purchase price. in this instance, what is the manufacturer selling price

$7.50

ATT Inc. sells a cordless phone for $ 50 per unit. The unit material cost is $ 10 and unit labor cost is $ 15. The annual manufacturing overheads are $ 1 million and promotion and advertising costs are $500,000. if the promotion increased by $35,000. What is $BEP for the company?

$70,000

Sunny Wonderland sells its books to the wholesalers at $8 each, which sells it to the retailers at the 10% muc. The retailer sells the books to the consumers at 15%musp. What is the cost to the wholesalers?

$8

Sunny Wonderland sells its books to the wholesalers at $8 each, which sells it to the retailers at the 10% muc. The retailer sells the books to the consumers at 15%musp. Which of the following markup chain formula correctly computes the purchase price of the consumers?

$8*(1+10%muc)/(1-15%musp)

a retailer sells a product for $16 after marking up 33.33% on wholesaler selling price. the wholesaler's markup is 50% based on the manufacturer selling price. in this instance, what is the manufacturer selling price?

$8.00

Fancy jean sells its women's jean for $60 to the wholesalers, and the consumers buy it from retailer for $90. the retailer add 10 %muc. which of the following statements is correct?

$81.82 and $21.82 are both correct

Sunshine company manufactures 100,000 table fans every year with a unit selling price of $20. The direct material cost for a table fan is $5, and direct labor cost is $4. The factory overhead is $150,000 and the administrative costs are $ 200,000. The company also expends $ 150,000 on advertising every year. What is the total variable cost of the company?

$900,000

Sunny Wonderland sells its books to the retailer at $6 each, which sells it to the consumers at $8. what is the markup of retailer?

$C=$2.00, %muc=33.33%, and %musp=25%

Please advise Denton Snacks Inc on % Mark Up!. Typically......

%muc>%musp because selling price>cost

ABC company sells it 4G memory card for $15 per unit. if the company sold 19,000 units last year, what is the profit of the company?

-5,000

ABC Company sells its 4G SD memory card for $ 15 per unit. The unit production cost is $ 3 and unit labor cost is $ 5. The packaging and shipping costs additional $ 2 per unit. The annual manufacturing costs are $ 60,000 and the promotion and advertising cost is $40,000. What is the #BEP for the company?

20,000

you are the sales manager for mighty widgets manufacturer inc. you want to help understand what you are offering and decide to express it in terms that the widget wholesalers can readily understand and relate to. pick the correct expression.

25%/(1+25%)

Sunshine company manufactures 100,000 table fans every year with a unit selling price of $20. The direct material cost for a table fan is $5, and direct labor cost is $4. The factory overhead is $150,000 and the administrative costs are $ 200,000. The company also expends $ 150,000 on advertising every year. What is the %C of a table fans?

55%

Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost is $15. The total promotion and marketing costs are $100,000. The facility expenses are $80,000 per year and other overheads cost $20,000. What is the % contribution of the fans?

58.33%

ATT Inc. sells a cordless phone for $ 50 per unit. The unit material cost is $ 10 and unit labor cost is $ 15. The annual manufacturing overheads are $ 1 million and promotion and advertising costs are $500,000. The product line has a $ 6 million investment and the expected return on its investment is 10%. What is #BEP for the company just for recovering their total fixed costs?

60,000

In 2017, AbC company had net sales of $500,000 and gross margin of $300,000. the company sold 100,000 units. What was the #BEP of the company in 2017?

60,000

ATT Inc. sells a cordless phone for $ 50 per unit. The unit material cost is $ 10 and unit labor cost is $ 15. The annual manufacturing overheads are $ 1 million and promotion and advertising costs are $500,000. The product line has a $ 6 million investment and the expected return on its investment is 10%. What is $RLS for the company?

84,000

which statement(s) on markup formulas is (are) correct?

F1, F4 are equivalent. F2, F3 are equivalent

Mighty Widget Manufacturers Inc. sells each unit for $7 to Widget Wholesalers who then sell it for $10 to Robust Retailers Inc. Therefore, what is RR's % markup?

RR's %muc and %musp cannot be calculated

a manufacturer sells $8/unit wholesalers who mark up by 20% on retailer purchase price. afterwards, the retailers mark up by 50.00% on wholesaler selling price. here, after rounding two decimals.

all the other 4 answers are correct

frito lay is changing its marketing mix. you have asked to explain incremental breakeven analysis. this maybe done for evaluating:

all the other 4 answers are correct

a retailer sells a product for $16 after marking up 33.33% on wholesaler selling price. the wholesaler's markup is 50% based on the manufacturer selling price. in this instance...

both wholesaler and retailer markup are based on cost

it is december 31, 2017 and jane needs to assess the difficulty of the task ahead for her gourmet sandwich shop in 2018. she is planning to introduce several new sandwiches and have very good estimates of their likely % share of a unit sales., unit selling prices and unit variable costs and her total fixed costs. jane is able to...

calculate both the 2018 unit BEP and the $BEP

Brand A has higher $C but lower %C than brand b. you have proposals for increasing the fixed cost for each brand by the same $amount. which of the following is correct?

delta breakeven dollars will be higher for band a than brand b

you have prepared a 2018 proforma income statement for denton snacks. they ask you to give them an idea of the breakeven $ requirements for the upcoming year. in doing the breakeven analysis, you will typically consider most of the budgeted items under the "marketing administrative and general expenses" category of the proforma is as....

fixed costs

Brand A has same %C but lower %C than brand b. you have proposals for increasing the fixed cost for each brand by the same $amount. which of the following is correct?

incremental breakeven dollars will be the same for both brands

Brand A has higher %C but same %C compared to brand b. you have proposals for increasing the fixed cost for each brand by the same $amount. which of the following is correct?

incremental breakeven units will be the same for both brands

Snacko! is still evaluating a proposed new snack for 2018. First year breakeven requirements and market share implications would naturally play a key role in their decision to go ahead or scrap the idea. In the analyses involved, Snacko should include, i.e. consider relevant, which of the following costs?

salesforce, advertising and production are relevant (deposit not)

John's Hardware, a small retailer in your part of town, would like to estimate their ballpark retail selling price for a new glue gun that they buy direct from the manufacturer. The store's customary % markup is based on manufacturer selling price. Which of these would get JH off to a good start?

selling price= cost X(1+%markup)

Selling price*(1-%musp) calculates the same thing as which of the following?

sp/(1+%muc)

advise NT Inc. sp*(1-%musp) calculates the same thing as which of the following?

sp/(1+%muc)

In a new automobile of specific make and model, which of the following items are fixed costs?

the other 4 answers are all fixed costs

you have prepared a 2018 proforma income statement for denton snacks. they ask you to give them an idea of the breakeven $ requirements for the upcoming year. in doing the breakeven analysis, you will typically consider most of the budgeted items under the "cost of goods sold" category of the proforma income statement as...

variable costs