A- 1 Sports Vehicles Manufacturing Produces a Specialty Racing Bicycle

question 92

Multiple Choice

A- 1 Sports Vehicles Manufacturing produces a specialty racing bicycle. There is stiff foreign competition, and the company is forced to pursue target pricing. The competitive market price of the bicycle is $2 000. Currently the manufacturing cost for this product at A- 1 is $1 550 and the associated non- manufacturing costs are $270. A- 1's owners insist on achieving a profit of 12% of sales price. What amount is the full- product cost? (Please round all amounts to the nearest whole dollar.)

• A)$2 000
• B)$1 550
• C)$1 760
• D)$1 820

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Definitions:

Glycolysis

The metabolic pathway that converts glucose into pyruvate, generating ATP and NADH, occurring in the cytoplasm of cells.

Net Gain

The difference between the total earned and the total spent, resulting in either a profit or a deficit.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide and water.

CS

Stands for Computer Science, a field of study focusing on computing technologies and computational systems.