QUIZ PDF

1. You are the manager of a company that manufactures custom T-shirts. The company incurs the following costs:​The total fixed costs are Php 10,000 per month. For each T-shirt, the variable cost (including materials, labor, and shipping) is Php 5 per unit. Each T-shirt is sold for Php 20.​...

1. You are the manager of a company that manufactures custom T-shirts. The company incurs the following costs:​The total fixed costs are Php 10,000 per month. For each T-shirt, the variable cost (including materials, labor, and shipping) is Php 5 per unit. Each T-shirt is sold for Php 20.​ Calculate the Total Cost: Compute the total cost if the company produces 1,000 T-shirts in a month. 2. A company is planning to launch a new product, a set of wireless headphones. The company needs to determine the costing structure to ensure profitability. Below are the details: ​Fixed Costs: Php 50,000 (These include, salaries, equipment, etc.)​ Variable Costs per Unit: Php 30 (This includes manufacturing, packaging, and distribution costs.)​ Selling Price per Unit: Php 75​ Calculate the Total Cost for producing 3,000 units. 3. Scenario: A company produces two products, Product A and Product B, using the same facilities. The company incurs shared fixed costs as well as separate variable costs for each product. The company needs to decide whether it should focus more on Product A or Product B, given the following data:​ Shared Fixed Costs: Php 40,000 (shared equally between both products)​ Product A:​ Variable Cost per Unit: Php 10​ Selling Price per Unit: Php 25​ Units Sold: 3,000​ Product B:​ Variable Cost per Unit: Php 15​ Selling Price per Unit: Php 35​ Units Sold: 2,000​ Tasks:​ Calculate the Total Cost for each product​ 4. A company manufactures a product with the following costs:​ Fixed Costs: Php 8,000 per month​ Variable Cost per Unit: Php 15​ Production Level: 500 units​ 5. Say a manufacturer makes 100,000 picture frames for sale. The entire production incurs Php150,000 in direct material costs, Php250,000 in direct labor costs, and Php100,000 in overhead costs. Calculate the ‌cost-plus pricing: ​ 6. Now consider a small grocery store that uses variable cost-plus pricing to profit from selling wholesale goods. It purchases 1,000 bottles of juice at wholesale for Php 4,500. It expects to sell the water within a week. Groceries operate in an industry with competitive prices and high-volume sales, so they limit their markup percentage to 15%. The calculation for the final selling price is: ​ 7. You purchase Nintendo 64 for Php 4,500 and plan to resell it for 6,300. What would be the markup rate?​ 8. The MSRP for the “Guitar Hero: World Tour” video game is 1,800. Most retail stores sell this product at a price in line with the MSRP. You have just learned that a local electronics retailer is selling the game for 45% off. What is the sale price for the video game and what is the amount saved?​ 9. You have purchased a Xbox Console for Php 45,000 and plan to resell it for Php 54,000. What would be the mark up rate of the console? ​ 10. if your product costs Php 50 to make and the selling price is Php 75. What is the Mark up percentage?​ 11. A retailer sells a product for Php 200 and wants to achieve a 25% profit margin on the selling price. What should be the cost price?​ 12. It costs you Php 30 to have a single pair of socks made by the manufacturer. You also pay Php 20 per pair for packaging with your logo on the box.​ 13. A store is using a 40% markup rate on software for computers if the cost price of a game is Php 2,000. Calculate the selling price of a game?​ 14. A golf shop pays its wholesaler Php 400 for a certain club, and then sells it to a golfer for Php 750. What is the markup percentage/rate?​ 15. You are selling a smartphone that you have bought for Php 60,000. Your store decided to decrease the price to Php 36,000 hoping it increase the like hood of someone buying it. What is the markdown rate of the smartphone?​ 16. A music speaker with a regular selling price of 3,800. Assume the retailer has excess inventory and places the music player player on sale for 10% off. What is the discount price and markdown amount?​ 17. A reseller acquires an Apple iPad for Php 65,000. Expenses are planned at 20% of the cost, and profits are set at 15% of the cost. During a special promotion, the iPad is advertised at Php 10,000 off. What is the sale price and markdown percent?​ 18. A department store buys 450 shirts for 2700 and sells them for 10 each. Find the percent mark-up.​ 19. A product was originally priced at Php 120, but due to lower demand, you decide to apply a 25% mark-down. What is the new selling price? 20. You want to incentivize bulk purchases by offering tiered discounts:​ 1-10 units: No discount​ 11-20 units: 10% discount​ 21+ units: 20% discount​ Assume the base price per unit is Php 50. Calculate the total cost for a customer purchasing 15 units and another purchasing 25 units.​