Ask Experts Questions for FREE Help !
Ask
    KGRAW3's Avatar
    KGRAW3 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 5, 2008, 09:39 PM
    Relative sales price
    I have the basic format to figure out cost per lot for the question below but I do not see how in my book relative sales price is calculated. The best I could come up with is that total sales price is multiplied by .0001

    Relative Sales Value Method

    Group # of lots price per lot
    1 9 $3,000
    2 15 $4,000
    3 17 $2,400

    Operating expenses for the year allocated to this project are $18,200. Lots unsold at year end were as follows:

    Group1 5 lots
    Group 2 7 lots
    Group 3 2 lots

    At fiscal year end what is net income?

    I have: lots, number of lots,price per lot,total sale price but I don't see how to calculate relative sale price?

Check out some similar questions!

Unit sales price [ 2 Answers ]

how can I calculate the unit sales price and the unit contribution margin if I am given only the fixed costs(660,000), variable cost(24 per unit), and contribution margin ratio (40%)?

Sales price per share [ 3 Answers ]

How do I calculate sales price per share using the following variables? Stock price: 57.72 Market cap: 311.18 EPS: 1.39 Book value per share: 8.79 Price book ratio: 6.57 PE ratio: 42 Growth rates: 15 % PEG: 2.77

Sales Price per unit, contribution margin ratio [ 1 Answers ]

Having a problem with finding a sales price per unit.

Accounting Sales Price Variable Material Costs Fixed Monthly Costs [ 0 Answers ]

I have no clue where to begen with this, I could use some help! Its due on Friday night and the teacher as done nothing to help here. I'm totally lost. The individual portion of this assignment is for each person to produce his/her own solution to the following. Claire’s Antiques has fixed cost...

View more questions Search
 

Add your answer here.