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The following costs relate to Southern Company: Variable manufacturing cost, $50; variable selling and administrative cost, $28; applied fixed manufacturing overhead, $35; and allocated fixed

The following costs relate to Southern Company: Variable manufacturing cost, $50; variable selling and administrative cost, $28; applied fixed manufacturing overhead, $35; and allocated fixed selling and administrative cost, $24. If Southern uses total-cost pricing formulas, the company's markup percentage would be computed on the basis of:

$50.

$78.

$85.

$137.

None of these.

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