Homework Answers
Answers
- Requirement [a]
Total Variable cost = 7500 units x $ 180 = $ 1,350,000
Variable cost amount per unit = $ 180 - Requirement [b]
>Markup per unit =($630000 assets x 15%) / 7500 units = $ 12.60
>Variable Cost markup percentage = ($12.60 / $ 180) x 100
= 7% - Requirement [c]
Selling Price = $ 180 + (180 x 7%)
= 180 + 12.6
= $ 192.60
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