Question

if moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for job 400?

Answer 1

Without the actual manufacturing cost of job 400, we cannot calculate the exact selling price. However, the formula for the selling price with a 110% markup is 210% of the manufacturing cost.

Step-by-step explanation:

To calculate the selling price per unit established by Moody for job 400 with a markup of 110% on its total manufacturing cost, you first need to determine the total manufacturing cost for job 400. However, the provided information does not include the exact total manufacturing cost of job 400 that Moody incurred.

Assuming M represents the total manufacturing cost for job 400, the formula for calculating the selling price per unit (SP) with a 110% markup is:

SP = M + (110% of M)

Since 110% is the same as 1.10, this can also be expressed as:

SP = M + (1.10 × M) = M + 1.10M = 2.10 × M

So the selling price per unit would be 210% of the total manufacturing cost for job 400. You would need to multiply the manufacturing cost (M) by 2.10 to find the selling price per unit.