Suppose Price Increases from $7

question 123

Multiple Choice

Suppose price increases from $7.00 to $13.00.Using the mid-point formula,the percentage change in price is:

• A) .0.6 = 60 percent.
• B) 0.6 = 60 percent.
• C) 70 percent.
• D) 130 percent.

Calculate the proportional allocation of expenses to different departments based on applicable allocation bases.

Identify which expenses are considered direct or indirect in the context of departmental accounting.

Comprehend the impact of expense allocation on net income calculation for a department.

Understand the role of gross sales in the allocation of indirect expenses.

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