Glover Inc. manufactures Product B, incurring variable costs of $15.00 per unit and fixed costs of $70,000. Glover desires a profit equal to a 12% rate of return on assets. Assets of $785,000 are devoted to producing Product B, and 100,000 units are expected to be produced and sold.

Step-by-step explanation:

The questions are:

a. Compute the markup percentage using the total cost concept.

b. Compute the selling price of Product B.

a. The mark up percentage will be calculated as:

= Desired Profit / Total Cost

= ($785000 × 12%) / [($15 × 100,000) + $70,000]

= ($785,000 × 0.12) / [($15 × 100,000) + $70,000]

= $94,200 / $1,570,000

= 0.06

= 6%

b. Selling price of Product B will be calculated as:

= Cost amount per unit + Markup

= $15.70 + ($15.70 × 6%)

= $15.70 + $0.94

= $16.64

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

hope it

1 number

if we use a graphing calculator, there is only one such number that satisfies the conclusion of the mean value theorem, that is, a number such that

where the right-hand side is the average rate of change of f on the interval [0.5,0.75], which is the slope of the secant line.

in the attached graph, the black line is the secant line which has its slope as the average rate of change of f on [0.5,0.75], while the orange line is the only tangent line to the graph of f in the interval that satisfies the mvt conclusion.