Question
A company has $30 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 102,000 units annually. What
A company has $30 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 102,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
