Question
If the target profit is $41,000 for a volume of 670 units, fixed costs are $149,000, and the variable cost per unit is $260, then
If the target profit is $41,000 for a volume of 670 units, fixed costs are $149,000, and the variable cost per unit is $260, then the markup percentage on variable cost would be:
Multiple Choice
1. 108.07%.
2. 109.07%.
3. 109.51%.
4. 109.96%.
5. None of the answers is correct.
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Auditing And Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
12th Edition
1264100671, 978-1264100675
