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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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