Ch 25 HW Hide or show questions eBook Show Me How Calculator Product Cost Markup Percentage...
Ch 25 HW
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Product Cost Markup Percentage
Light Force Inc. produces and sells lighting fixtures. An entry light has a total cost of $180 per unit, of which $100 is product cost and $80 is selling and administrative expenses. In addition, the total cost of $180 is made up of $110 variable cost and $70 fixed cost. The desired profit is $45 per unit.
Determine the markup percentage on product cost. Round the answer to nearest whole number.
Homework Answers
Markup percentage on product cost
= (selling & administrative expenses + Desired profit) / product cost
= (80+45)/100
=125/100
= 125%
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Ch 25 HW
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Product Cost Markup Percentage...
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