All of the following represent a popular markup formula for pricing except _____.
A)as a percentage of all selling and administrative costs
B)as a percentage of variable manufacturing costs
C)as a percentage of all manufacturing costs plus all selling and administrative costs
D)as a percentage of all manufacturing costs

Question

Quizplus · Accepted Answer

Markup is typically calculated as a percentage of costs incurred in producing, manufacturing, or acquiring the product. However, it is not standard practice to calculate markup as a percentage of all selling and administrative costs alone, without considering the costs of goods sold or manufacturing costs.

All of the Following Represent a Popular Markup Formula for Pricing