Jamison Company produces and sells Product X at a total cost of $1,000 per unit, of...
Jamison Company produces and sells Product X at a total cost of $1,000 per unit, of which $680 is product cost and $320 is selling and administrative expenses. In addition, the total cost of $1,000 is made up of $570 variable cost and $430 fixed cost. The desired profit is $200 per unit.
Determine the mark up percentage on total cost: ____%
Homework Answers
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Markup percentage on total cost = Desired profit/Total cost = 200/1,000 = 20% |
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