Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing.The costs and expenses of producing 25,000 units of Product K are as follows:

Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.

Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.

Question

Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing.The costs and expenses of producing 25,000 units of Product K are as follows:
​
  ​
  Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
​
​
  Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.

Quizplus · Accepted Answer

The Answer of Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing.The costs and expenses of producing 25,000 units of Product K are as follows:
​
  ​
  Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
​
​
  Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.

Hummingbird Company Uses the Product Cost Concept of Applying the Cost-Plus