Montana Uses a 140% Markup on Total Cost and Recently

question 76

Multiple Choice

Montana uses a 140% markup on total cost and recently computed a selling price of $1,560 for a particular product.On the basis of this information,the product's total cost is:

• A)$650.00.
• B)$910.00.
• C)$1,114.29.
• D)$2,184.00.
• E)some other amount.

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Definitions:

Cost Accounting Systems

The framework and processes used to systematically record, measure, and analyze costs associated with a company's operations, for the purpose of internal decision making.