Spellman Productions Limited applies cost-based pricing to its range of products.A new product, the SP 162, is due to start production and the directors have met to determine a selling price for it. The new product's cost card includes the following details for each unit of SP 162:
The directors use variable cost based pricing, applying a standard mark up of 36%.
What is the selling price of each SP 162 unit (to the nearest penny)?

Question

Spellman Productions Limited applies cost-based pricing to its range of products.A new product, the SP 162, is due to start production and the directors have met to determine a selling price for it. The new product's cost card includes the following details for each unit of SP 162:
 The directors use variable cost based pricing, applying a standard mark up of 36%.
What is the selling price of each SP 162 unit (to the nearest penny)?

Quizplus · Accepted Answer

The Answer of Spellman Productions Limited applies cost-based pricing to its range of products.A new product, the SP 162, is due to start production and the directors have met to determine a selling price for it. The new product's cost card includes the following details for each unit of SP 162:
 The directors use variable cost based pricing, applying a standard mark up of 36%.
What is the selling price of each SP 162 unit (to the nearest penny)?

Spellman Productions Limited Applies Cost-Based Pricing to Its Range of Products.A