TB MC Qu. 10-117 (Algo) Hordel Company needs to determine... Hordel Company needs to determine a...

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TB MC Qu. 10-117 (Algo) Hordel Company needs to determine... Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $92 per unit. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 24 Overhead $ 50,300 Direct labor 45 General and administrative 39,300 Overhead 25 General and administrative 26 Using the variable cost method, what markup percentage to variable cost should be used? TB MC Qu. 10-117 (Algo) Hordel Company needs to determine... Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $92 per unit. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 24 Overhead $ 50,300 Direct labor 45 General and administrative 39,300 Overhead 25 General and administrative 26 Using the variable cost method, what markup percentage to variable cost should be used?