JC Penney Sells a Timex Watch for $139

question 6

Multiple Choice

J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup based on the selling price is:

• A)35.56%
• B)35.57%
• C)35.73%
• D)37.52%
• E)None of these

Understand the roles of a medical assistant within the healthcare system, especially in patient advocacy.

Recognize the importance of documentation in professional development, such as resumes.

Identify opportunities for professional growth and learning outside of the workplace, including volunteer work.

Understand the concept of "standard of care" in the healthcare profession.

---

Definitions:

Activity Level

A measure of the volume of production or services activity within a company, often used to allocate variable costs.

Revenue Variance

The difference between the actual revenue earned and the budgeted or expected revenue, indicating the effectiveness of sales strategies and market conditions.

Activity Level

A measure of the amount of work performed or units produced, used often in costing to allocate fixed costs properly.

Manufacturing Overhead

All manufacturing costs that are not directly related to the production of a product, such as factory rent, utilities, and maintenance.