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Hodson Ltd is a one product firm with material cost per unit of 65.00 and labour cost per unit of 13.50. Labour cost is incurred

Hodson Ltd is a one product firm with material cost per unit of 65.00 and labour cost per unit of 13.50. Labour cost is incurred at the rate of 27.00 per hour, and overheads are absorbed at the rate of 18.00 per labour hour. Hodson Ltd applies mark up to its product at a standard rate of 20% on total cost.

What is the expected margin for the product?

	A.	16.67%
	B.	20.00%
	C.	23.33%
	D.	26.67%

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