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Q25 Below are the simple details for a product: 000 Direct materials 150 Direct labour 150 Variable production overheads 25 Fixed production overheads 75 Administration

Q25 Below are the simple details for a product:

000

Direct materials 150

Direct labour 150

Variable production overheads 25

Fixed production overheads 75

Administration overheads 120

Marketing overheads 180

Required profit 100

If the prime cost plus approach towards pricing is adopted, what is the mark up?

A 300%

B 167%

C 33%

D 25%

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