The Swan Company produces their product at a total cost of $43 per unit. Of this amount
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Question:
The Swan Company produces their product at a total cost of $43 per unit. Of this amount $8 per unit is selling and administrative costs. The total variable cost is $30 per unit. The desired profit is $20 per unit.
Determine the mark up percentage on product cost.
a.100%
b.80%
c.46.5%
d.110%
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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