(Appendix 12A)Marvel Company Estimates That the Following Costs and Activity

question 73

Multiple Choice

(Appendix 12A) Marvel Company estimates that the following costs and activity would be associated with the manufacture and sale of one unit of product Y:

$\begin{array}{lccc}\text { Number of Units Sold Annually } & 20,000 \\\text { Required Investment } & \$ 400,000 \\\text { Unit Product Cost } & \$ 25 \\\text { Selling, General, and Administrative } & \$ 130,000\\\text { Expenses }\\\end{array}$
If the company uses the absorption costing approach to cost-plus pricing and desires a 15% rate of return on investment (ROI) ,what would be the required markup on absorption cost for product Y?

• A) 12%.
• B) 15%.
• C) 26%.
• D) 38%.

Understand the role of families and other stakeholders in the IEP meeting process.

Identify types of assistive technologies for students with vision impairments and their application in the general education classroom.

Recognize the early identification role of general education teachers in spotting learning or behavioral problems.

Clarify the process and requirements for a child to qualify for special education or RTI services.

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Definitions:

Elastic

Describes a situation where the demand or supply for a product or service significantly changes in response to price changes.

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a product or service.

Prices

The charge for acquiring a specific good or service.

Marginal Revenue

The revenue boost a firm experiences from the sale of an additional unit of a product or service.