Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit and the desired profit is $28 per unit.?Determine the markup percentage using the
(a) total cost,
(b) product cost, and
(c) variable cost concepts.

Question

Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit and the desired profit is $28 per unit.?Determine the markup percentage using the 
(a) total cost, 
(b) product cost, and 
(c) variable cost concepts.

Quizplus · Accepted Answer

The Answer of Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit and the desired profit is $28 per unit.?Determine the markup percentage using the 
(a) total cost, 
(b) product cost, and 
(c) variable cost concepts.

Sierra Company Produces Its Product at a Total Cost of $89