Figure 10-4
Jamie Ltd -Refer to Figure 10-4

question 2

Multiple Choice

Figure 10-4
Jamie Ltd. had the following information: $\begin{array}{lll}\text { Revenues } & & £ 250,000 \\\text { Cost of goods sold: } & £ 50,000 & \\\text { Direct materials } & 37,500 & \\\text { Direct labour } & \underline{62,500} & \underline{150,000} \\\quad \text { Overhead } & & \mathbb{£ 1 0 0 , 0 0 0} \\\text { Gross profit } & & \underline{37,500} \\\text { Selling and administrative expenses } & & £ 62,500\end{array}$

-Refer to Figure 10-4. What would be the price for something that has a cost of £500, assuming that the mark up is based on cost of goods sold?

• A)£833
• B)£625
• C)£708
• D)£2,000

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Definitions:

Timeline

A graphical representation of a chronological sequence of events, intended to show the temporal relationship between them.

Dollar Market Share

A measure of a company's market position represented by the dollar sales within a certain market segment.

Total Industry Sales

The aggregate revenue generated by all companies operating within a specific industry over a given time period.

Ben & Jerry's Sales

Refers to the revenue generated from the sale of Ben & Jerry's ice cream products, a subsidiary of Unilever known for its unique flavors and social activism.