Problema company has 40 per unit in variable costs and, Ask an Expert

Accounting

Problem:

A company has $40 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 102,000 units annually.

Required:

Question: What is the price if a markup of 40% on total cost is used to determine the price?

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164966

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