Nguyen,Inc

question 14

Multiple Choice

Nguyen,Inc.has received a bid for 15,000 units.The costing estimates show that the average cost per unit for this bid will be $500.The company uses cost-based pricing and adds 20% markup to total costs.What total price will Nguyen ask for the entire order?

• A)$9,000,000
• B)$7,500,000
• C)$1,500,000
• D)$6,000,000

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Definitions:

Competitive Labor Market

A market where numerous employers are actively seeking to hire and numerous individuals are seeking employment, with wages determined by the supply and demand for labor.

Wage Rate

The amount of compensation paid to an employee per unit of time worked, often expressed per hour or year.

MV

MV, short for "Mean Value," is a measure used in statistics and mathematics to denote the average or central value of a set of numbers.

PQ

PQ, in the context of mathematics, often stands for a specific pair of points or variables in an equation or algorithm, representing a particular problem or query to be solved.