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A company provides contracted bookkeeping services. The company has annual fixed costs of $ 1 0 0 , 0 0 0 and variable costs of

A company provides contracted bookkeeping services. The company has annual fixed costs of $100,000 and variable costs of $6 per hour. This year the company budgeted 50,000 hours of bookkeeping services. The company prices its services at full cost and uses a cost-plus pricing approach. The company developed a billing price of $9 per hour. The company's markup level would be
A.50.0%
B.12.5%
C.66.6%
D.33.3%
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