The Swan Company produces its product at a total cost of $43 per unit. Of...
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Accounting
The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit. Determine the markup percentage on product cost.
a. 70%
b. 80%
c. 110%
d. 46.5%
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