REVIEW QUESTIONS 1 Abu and Ali are two partners in business, selling stationery at a local university campus in Penang. They have just been consigned 500 boxes of marker pens totalling 5,000 units which cost RM7,500. Abu suggests that they use a cost-plus 40% pricing method. Required: Calculate the selling price of one unit of marker pen. 2 A plant fabrication company assembles iron poles and cables for electricity supply. The accounts executive proposes to use target pricing to charge customers. The selling price is set at RM140,000. The company requires a return on investment of 11%. Required: Calculate the target cost.

REVIEW QUESTIONS 1 Abu and Ali are two partners in business, selling stationery at a local university campus in Penang. They have just been consigned 500 boxes of marker pens totalling 5,000 units which cost RM7,500. Abu suggests that they use a cost-plus 40% pricing method. Required: Calculate the selling price of one unit of marker pen. 2 A plant fabrication company assembles iron poles and cables for electricity supply. The accounts executive proposes to use target pricing to charge customers. The selling price is set at RM140,000. The company requires a return on investment of 11%. Required: Calculate the target cost.

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Description: REVIEW QUESTIONS1 Abu and Ali are two partners in business, selling stationery at a local university campus inPenang. They have just been consigned 500 boxes of marker pens totalling 5,000 units whichcost RM7,500. Abu suggests that they use a cost-p

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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