Consolidated Corporation Had the Following Information What Is the Markup Based on Materials?
A)71

question 102

Multiple Choice

Consolidated Corporation had the following information: $$\begin{array} { l r r } \text { Revenues } & & \$ 250,000 \\\text { Cost of goods sold: } & \\\quad \text { Direct materials } & \$ 50,000 & \\\quad \text { Direct labor } & 37,500 & \\\quad \text { Overhead } & 62,500 & 150,000 \\\text { Gross profit } & & \$ 100,000 \\\text { Selling and administrative expenses } & & 37,500 \\\text { Operating income } & \$ 62,500 \\\hline\end{array}$$
What is the markup based on materials?

• A)71.4%
• B)185.7%
• C)42.9%
• D)400.0%

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Definitions:

Plasma

The liquid component of blood in which blood cells are suspended, consisting mostly of water and proteins.

Agglutination

The clumping together of particles, typically cells or proteins, that occurs when an antigen is mixed with its corresponding antibody.

Erythrocytes

Red blood cells responsible for carrying oxygen and carbon dioxide throughout the body.

Universal Donors

Refers to individuals with O-negative blood type who can donate blood to recipients of all blood types without causing adverse reactions.