A Product Cost Is Composed of the Following

question 72

Multiple Choice

A product cost is composed of the following:

The product sells for $40 and a 15% commission is paid to a salesperson for every unit sold.Management accountants also estimate that storage cost per unit averages $0.75 per unit.What is the full cost of the product?

• A)$14
• B)$22
• C)$28.75
• D)$28.00

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Definitions:

National Culture

The set of shared values, beliefs, practices, and norms that characterizes the population of a nation.

Unique Values

Distinctive qualities or principles held by an individual, organization, or product that set them apart from others.

African American

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa.

Buying Patterns

The habits or tendencies of consumers in acquiring goods or services, which can reveal preferences and frequency.