Mountain Company Produced 20,000 Blankets in June to Be Sold

question 18

Multiple Choice

Mountain Company produced 20,000 blankets in June to be sold during the holiday season.The manufacturing costs were: Management has decided that the mark-on percentage necessary to cover the product's share of selling and administrative expenses and to earn a satisfactory profit is 30%.The selling price per blanket should be:

• A)$12.00.
• B)$15.60.
• C)$23.60.
• D)$31.20.

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Definitions:

Parietal Cells

Cells located in the lining of the stomach wall that secrete gastric acid (HCl) and intrinsic factor, vital for digestion and absorption of nutrients, respectively.

Pepsinogen

The inactive enzyme precursor of pepsin, secreted by the stomach wall and converted to the active enzyme in the presence of hydrochloric acid.

Omega-3 Fatty Acids

Essential fatty acids found in salmon and other fatty fishes, walnuts, and certain vegetable oils (e.g., canola, soybean); studies suggest that omega-3 fatty acids help lower triglycerides and blood pressure, and have other health benefits.

LDL Levels

Low-density lipoprotein levels, often referred to as "bad" cholesterol, indicative of the amount of cholesterol in the blood that can lead to plaque buildup in arteries.