Find the Missing Numbers

question 57

Multiple Choice

Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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• A)Cost Price: $12.80 Markup: $28.46
• B)Cost Price: $18.57 Markup: $22.69
• C)Cost Price: $22.69 Markup: $18.57
• D)Cost Price: $28.46 Markup: $12.80

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Definitions:

Direct Labor-Hour

A measurement of labor used in production, specifically the time spent by direct labor workers on a given job or project.

Manufacturing Overhead Budget

An estimation of all manufacturing overhead costs planned for a specific period, which includes indirect costs related to manufacturing.

Selling and Administrative Expense Budget

A financial plan that estimates future sales, administrative expenses, and related activities over a specific period.

Budget Data

Financial projections that outline expected income and expenses for a company over a specific period.