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    Assume in each case that the selling expenses are $8 per unit and that normal profit is $5 per unit. Calculate the limits in each case. Then enter the amount that should be used for lower or cost or market.

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    Assume in each case that the selling expenses are $8 per unit and that normal profit is $5 per unit. Calculate the limits in each case. Then enter the amount that should be used for lower or cost or market.

    Selling price Upper Limit Replacement cost Lower limit Cost LCM

    a) $54 ? $38 ? $43 ?
    b) $47 ? $ 36 ? $40 ?
    c) $56 ? $39 ? $40 ?
    d) $47 ? $42 ? $40 ?

    Please show all work.

    © BrainMass Inc. brainmass.com March 4, 2021, 7:58 pm ad1c9bdddf
    https://brainmass.com/business/upper-and-lower-bounds-of-options/135050

    Solution Summary

    Desired amounts shown.

    $2.49

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