Text Tech has bought a product from their supplier for $2,372 with discounts of 30% and 5%. For full marks your answer(s) should be rounded to the nearest cent. a) What is the cost of the product to Text Tech? Unit cost = $ 0.00 b) If Text Tech has an overhead of 30% of cost, then what is the overhead per unit? Overhead per unit = $ 0.00 c) When Text Tech reduced its operating profit to 5% of the cost to establish a reduced selling price, it resulted in a markdown of 40%. What is the sale price (reduced price) of the product? Sale price = $ 0.00 d) What is the regular selling price of the product? Selling price = $ 0.00

Text Tech has bought a product from their supplier for $2,372 with discounts of 30% and 5%. For full marks your answer(s) should be rounded to the nearest cent. a) What is the cost of the product to Text Tech? Unit cost = $ 0.00 b) If Text Tech has an overhead of 30% of cost, then what is the overhead per unit? Overhead per unit = $ 0.00 c) When Text Tech reduced its operating profit to 5% of the cost to establish a reduced selling price, it resulted in a markdown of 40%. What is the sale price (reduced price) of the product? Sale price = $ 0.00 d) What is the regular selling price of the product? Selling price = $ 0.00

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 17PROB

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