Jell Corporation uses the total cost concept of product pricing. Below is cost information for...
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Jell Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 61,300 units of its sole product. Jell desires a profit equal to a 25% rate of return on invested assets of $555,000.00. Fixed factory overhead cost $39,289.00 Fixed selling and administrative costs $7,524.00 Variable direct materials cost per unit $4.79 Variable direct labor cost per unit $1.88 Variable factory overhead cost per unit $1.13 Variable selling and administrative cost per unit $4.50 What is the markup percentage for the company's product? Select the correct answer. 17.33% 11.10% 25.00% 5.22%
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