if the traget operation income is $50 000 for an annual volume of 7,500 units ,the...
if the traget operation income is $50 000 for an annual volume of 7,500 units ,the total annual fixed costs are $240,000 and the variable cost per unit is $95, then what is the average markup percentage for setting prices as a percentage of total variable cost?
Homework Answers
| Calculation of Target Selling price | |||
| Variable cost | 712,500 | (7500*95) | |
| Add: Fixed cost | 240,000 | ||
| Total cost | 952,500 | ||
| Add: Target Income | 50,000 | ||
| Target Sales | 1,002,500 | ||
| No. of Units | 7,500 | ||
| Target Selling price per unit | 133.67 | ||
| Markup to variable cost | 38.67 | (133.67 - 95) | |
| (Selling PRICE - Variable cost) | |||
| Markup Percentage to variable cost | 40.70% | (38.67/95)*100 | |
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