D) markup percentage 10%; selling price $50. 68 69 70 08: In the variable cost approach, the markup percentage covers the 71 A) fixed costs only. 72 B) desired ROI only. 73 C) desired ROI and fixed costs. 74 D) desired ROI and selling and administrative expenses. 75 76 77 Q9: Which statement is true of an opportunity cost? 78 A) It is a variable cost. 79 B) It is the cost of a special-order option. 80 C) It is the potential benefit given up as a result of following an alternative course of action. 81 D) It is a fixed cost. 82 83 84 85 86 87 196 Formula Sheet MCQ Segment Evaluation - 7 Marks Cash Budget - 16 Marks Calculation Mode: Automation Sheet Number Workbook Statistics f1 12 f3 f4 esc # S %