The Following Data Pertain to Lomax Enterprises

question 35

Multiple Choice

The following data pertain to Lomax Enterprises:
What price will the company charge if the firm uses cost-plus pricing based on absorption manufacturing cost and a markup percentage of 110%?

• A)$84.
• B)$147.
• C)$210.
• D)$231.
• E)Some other amount.

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Definitions:

Bus Topology

In multiplexing, it means that no single controller networked to the data bus has more priority than another; in other words, no ECM/ECU is in charge.

Data Bus

A communication system within a computer or electronic device used for transmitting data between components.

Engine Management ECM

Engine Management Electronic Control Module, a central part of the engine management system that processes information from engine sensors to adjust fuel delivery, ignition timing, and other engine parameters for optimum performance and emissions.

Automotive

Pertaining to the design, production, and operation of motor vehicles.