The Sierra Company produces its product at a total cost of $700 per unit. Of...
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Accounting
The Sierra Company produces its product at a total cost of $700 per unit. Of this amount, $480 is product cost and $220 is selling and administrative expenses. In addition, the total cost of $700 is made up of $595 variable cost and $105 fixed cost. The desired profit is $84 per unit.
Determine the mark up percentages under each of the following cost-plus methods. If required, round your answers to one decimal place.
| (a) Total cost concept | % |
| (b) Product cost concept | % |
| (c) Variable cost concept | % |
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