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Jamison Company uses the total cost method of applying the cost - plus approach to product pricing. Jamison produces and sells Product X at a
Jamison Company uses the total cost method of applying the costplus approach to product pricing. Jamison produces and sells Product X at a total cost of $ per unit, of which $ is product cost and $ is selling and administrative expenses. In addition, the total cost of $ is made up of $ variable cost and $ fixed cost. The desired profit is $ per unit.
Determine the markup percentage on total cost.
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