Pixie Industries has recently patented a new product called Stardust.The following annual information was developed by the company's controller for use in price determination:

Annual demand for the product is expected to be 500,000 bottles.Round answers to nearest two decimal places.
a.Compute the projected unit cost for one bottle of Stardust.
b.Prepare the formulas for computing the markup percentage and the selling price for one bottle using the gross margin pricing method.

Question

Pixie Industries has recently patented a new product called Stardust.The following annual information was developed by the company's controller for use in price determination:
 
 Annual demand for the product is expected to be 500,000 bottles.Round answers to nearest two decimal places.
a.Compute the projected unit cost for one bottle of Stardust.
b.Prepare the formulas for computing the markup percentage and the selling price for one bottle using the gross margin pricing method.

Quizplus · Accepted Answer

The Answer of Pixie Industries has recently patented a new product called Stardust.The following annual information was developed by the company's controller for use in price determination:
 
 Annual demand for the product is expected to be 500,000 bottles.Round answers to nearest two decimal places.
a.Compute the projected unit cost for one bottle of Stardust.
b.Prepare the formulas for computing the markup percentage and the selling price for one bottle using the gross margin pricing method.

Pixie Industries Has Recently Patented a New Product Called Stardust