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Steering World View is considering production of a lighted world globe that the company would price at a markup of 30 percent above full cost.
Steering World View is considering production of a lighted world globe that the company would price at a markup of 30 percent above full cost. Management estimates that the variable cost of the globe will be $65 per unit and fixed costs per year will be $264,000 Assuming sales of 1,200 units, what is the full cost of a globe, and what is the price with a 30 percent markup? (Round answers to 2 decimal places, e.g. 15.25.) Full cost of globe Price with 30 percent markup
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