Exam 3: Ratio,proportion,and Percent

The cost of a unit is made up of $7.25 direct material cost,$4.75 direct labour cost,and $3.50 overhead.What is the ratio that exists between the three elements of cost?

Sales in June increased 16 2/3% over May sales.If June sales amounted to $27 535,what were May sales?

Use the 2010 federal income tax brackets and rates listed below to answer the following question. Taxable Income a)Sean had a taxable income of $42 500 in 2011.How much federal income tax should he report? (assuming tax rates remain the same) b)Sean expects his taxable income to increase by 150% in 2012.How much federal tax would he expect to pay in 2012(assuming tax rates remain the same).

The price of milk was $3.00 in 2001 for a 4 L bag and $3.97 in 2013 for the same bag.Compare the two prices to create an index number?

Express the following as a percentage:

The cost of operating the Repair Department is to be allocated to four production departments based on the floor space each occupies.Department A occupies 1100 m; Department B,660 m; Department C,880 m; and Department D,440 m.If the July cost was $24 000,how much of the cost of operating the Repair Department should each production department absorb?

$170 is what percent of $80?

Sleep Country advertises to beat the lower price of the competitor by 5% on similar mattress.Leon's recently slashed its prices on Sealy posturepedic proback titanium mattresses by 20%.If the original sale price of this mattress was $1460,at what price would the customer get that mattress at Sleep Country?

How many Canadian dollars can you buy for $850.00 U.S.dollars if one Canadian dollar is worth $0.9641 U.S.dollars?

Don works for OPG in a management position.Due to the economic turndown,provincial government has frozen management pays since 2009.In 2010,federal tax brackets and tax rates were as follows: Using the above table and Table 3.3 in the book,compare his federal tax payed in 2010 versus that payed in 2012 on an annual compensation of $134 595.

After a reduction of 66 % of the marked price,an article was sold for $150.00.What was the marked price?

A manufacturing process requires $68.5 supervision cost for every 64 labour hours.At the same rate,how much supervision cost should be budgeted for 18 000 labour hours?

87 % is equal to:

Use the 2010 federal income tax brackets and rates listed below to answer the following question. Taxable Income a)Dana had a taxable income of $39 500 in 2010.How much federal income tax should she report? (assuming tax rates remain the same) b)Dana expects her taxable income to increase by 15% in 2011.How much federal tax would she expect to pay in 2011(assuming tax rates remain the same).

A residential property is assessed for tax purposes at 45% of its market value.The residential property tax rate is 3 2/3% of the assessed value and the tax is $1300. a)What is the assessed value of the property? b)What is the market value of the property?

Chris works for Ontario Hydro and his 2012 compensation was $134 532.Using Table 3.3 in the book,compute his federal tax.

Royal Collection Agency retains a collection fee of 20% of any amounts collected.How much did the agency collect on a bad debt if the agency forwarded $2520 to a client?

The number 500 is 62 1/2% more than what number?

In Manitoba,a car was sold for $21 500.55 including 5% GST and 7% PST.How much was the provincial sales tax on the car?

Change the following expression into a decimal: 166.67%