A product has the following costs. $ Direct materials 5 Direct labour 3 Variable overhead 7 Fixed

Question:

A product has the following costs.

$

Direct materials 5 Direct labour 3 Variable overhead 7 Fixed overheads are $10,000 per month. Budgeted sales for the month are 400 units.

The profit margin that needs to be added to marginal cost to break even is %

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: