Question: Electro z Ltd has the following data concerning a model electric car it manufactures : Variable manufacturing cost $ 4 5 Applied fixed overhead $

Electroz Ltd has the following data concerning amodel electric car it manufactures:
Variable manufacturing cost$ 45
Applied fixed overhead$ 15
Variable selling and administrative cost$ 10
Allocated fixed selling and administrative cost$18

Required:

If the company uses cost-plus pricing based onmanufacturing costs, determine the mark-uppercentage used by the company to obtain a price of$150.

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