Jell corporation uses the total cost concept of product, Ask an Expert

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Jell Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,400 units of its sole product. Jell desires a profit equal to a 25% rate of return on invested assets of $619,000.00.

Fixed factory overhead cost $37,736.00

Fixed selling and administrative costs $7,750.00

Variable direct materials cost per unit $5.09

Variable direct labor cost per unit $1.88

Variable factory overhead cost per unit $1.13

Variable selling and administrative cost per unit $4.50

What is the markup percentage for the company's product?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92421713

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