The Sierra Company produces its product at a total cost of $89 per unit.Of this amount,$14 per unit is selling and administrative costs.The total variable cost is $58 per unit and the desired profit is $28 per unit.

Determine the markup percentage using the (a)total cost,(b)product cost,and (c)variable cost concept.

Question

The Sierra Company produces its product at a total cost of $89 per unit.Of this amount,$14 per unit is selling and administrative costs.The total variable cost is $58 per unit and the desired profit is $28 per unit.
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Determine the markup percentage using the (a)total cost,(b)product cost,and (c)variable cost concept.

Quizplus · Accepted Answer

The Answer of The Sierra Company produces its product at a total cost of $89 per unit.Of this amount,$14 per unit is selling and administrative costs.The total variable cost is $58 per unit and the desired profit is $28 per unit.
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Determine the markup percentage using the (a)total cost,(b)product cost,and (c)variable cost concept.

The Sierra Company Produces Its Product at a Total Cost