If the target profit is $60 000 for an annual volume of 480 units, the total annual fixed costs are $168 000 and the total variablecost per unit is

$450, then what is the mark-up percentage on full cost?

105.6%

13.5%

15.6%

115.6%

In identifying relevant costs and benefits, sunk costs are:

Select one:

Those incremental costs that will be incurred if a particular course of action is selected.

The potential benefit give up when the choice of one action precludes a different action

The additional costs that arise from choosing one course of action over another.

Costs that already been incurred and irrelevant to any future decisions.