Apex Corporation produces and sells Product Z at a total cost of $30 per unit, of which $20 is product cost and $10 is selling and administrative expenses. In addition, the total cost of $30 is made up of $18 variable cost and $12 fixed cost. The desired profit is $3 per unit. Determine the markup percentage on product cost. Follow My Example 25-7 The fixed factory overhead is Apex Corporation produces and sells Product Z at a total cost of $30 per unit, of which $20 is product cost and $10 is selling and administrative expenses. In addition, the total cost of $30 is made up of $18 variable cost and $12 fixed cost. The desired profit is $3 per unit. Determine the markup percentage on product cost. Follow My Example 25-7 The fixed factory overhead is