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Andrew Company has predicted the following costs for this year for 50,000 units: Manufacturing Selling and Administrative Variable $200,000 $ 50,000 Fixed 300,000 150,000 Total

Andrew Company has predicted the following costs for this year for 50,000 units:

Manufacturing

Selling and Administrative

Variable

$200,000

$ 50,000

Fixed

300,000

150,000

Total

$500,000

$200,000

What is the initial selling price needed to obtain a target profit of $25,000 using the variable cost markup method?

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