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Designs by Candice is a graphic design studio specializing in logos and business stationery. Candice has just made a $64,900 investment in her company and

Designs by Candice is a graphic design studio specializing in logos and business stationery. Candice has just made a $64,900 investment in her company and desires a 12% return. Annually, she designs and prints 2,300 orders. Her costs include

Variable Fixed
Design costs $ 42 per order $ 37,720 per year
Production costs $ 115 per order $ 32,200 per year
Marketing costs $ 2,070 per year
Shipping costs $ 14 per order

1. Determine the mark-up percentage using (Round all entries to 2 decimal places, e.g. 15.25%.)

Mark-up percentage
1. Absorption cost-based pricing 59.45% %
2. Variable cost-based pricing 20.28% %
3. Total cost-based pricing 1.67% %

Determine the selling price for each mark-up percentage calculated in previous part. (Round all entries to 2 decimal places, e.g. 15.25.)

Selling price
1. Absorption cost-based pricing $
2. Variable cost-based pricing $
3. Total cost-based pricing $

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