QUESTION 39 Hodson Ltd is a one product firm with material cost per unit of E75.00 and labour cost per unit of 12.50. Labour cost is incurred at the rate of 25.00 per hour, and overheads are absorbed at the rate of 12.00 per labour hour. Hodson Ltd prices products to achieve a margin of 33.33% How much mark up on total cost should Hodson Ltd apply to achieve the target margin? 25.009 50.00% 33.33% 75.00%