Grassi Company produces high definition television sets. The following information is available for this product: Fixed...
Grassi Company produces high definition television sets. The
following information is available for this product:
Fixed cost per unit$250
Variable cost per unit750
Markup per unit300
Grassi Company's markup percentage would be
A. 30%.
B. 120%.
C. 60%.
D. 40%.
Homework Answers
| A. 30%. | |
| Statement showing Computations | |
| Particulars | Amount |
| Fixed cost per unit | 250.00 |
| Variable cost per unit | 750.00 |
| Total cost per unit =250 + 750 | 1,000.00 |
| Markup per unit | 300.00 |
| Grassi Company's markup percentage = 300/1000 | 30.00% |
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