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The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and...

  1. The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead is $57.75.

  1. What is the percent content of each element of cost in the product?

  2. What is the overhead percent rate based on direct labour?

  1. A wage earner’s hourly rate of pay increased from $6.30 to $16.80 during the past dacade.

  1. What was the percent change in the hourly rate of pay?

  2. What is the current rate of pay as a percent of the rate a decade ago?

  1. The price of a stock a week ago was $56.25 per share. Today the price per share is $51.75.

  1. What is the percent change in price?

  2. What is the new price as a percent of the old price?

  1. A toolbox is listed for $56 less 25%, 20%, and 5%.

  1. What is the net price of the toolbox?

  2. What is the amount of discount?

  3. What is the single rate of discount that was allowed?

  1. On May 18, an invoice dated May 17 for $400 less 20% and 15%, terms 5/10 as received by Aldo Distributors.

  1. What is the last day of the discount period?

  2. What is the amount due if the invoice is paid within the discount period?

  1. A retail store realizer a markup of $31.50 if it sells an article at a markup of 35% of the selling price.

  1. What is the regular selling price?

  2. What is the cost?

  3. What is the rate of markup based on cost?

  4. If overhead expense is 28% of cost, what is the total cost?

  5. If the article is sold at a markdown of 24%, what is the operating profit or loss?

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