Pauley Company needs to determine a markup for a new product. Pauley expects to sell...
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Accounting
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 24,000 units and wants a target profit of $18 per unit. Additional information is as follows:
| Variable product cost per unit | $ | 18 | |
| Variable administrative cost per unit | 13 | ||
| Total fixed overhead | 22,500 | ||
| Total fixed administrative | 29,100 | ||
Using the variable cost method, what markup percentage to variable cost should be used?
Multiple Choice
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53%
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78%
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64%
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57%
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65%
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