The Houston Company manufactures office equipment. They are ready to introduce a new line of desktop copiers. The following data concerns the copiers:
If the company uses cost-plus pricing based on absorption cost, what price must the company charge when the mark-up percentage is 120 per cent?

Question

The Houston Company manufactures office equipment. They are ready to introduce a new line of desktop copiers. The following data concerns the copiers: 
If the company uses cost-plus pricing based on absorption cost, what price must the company charge when the mark-up percentage is 120 per cent?

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The Answer of The Houston Company manufactures office equipment. They are ready to introduce a new line of desktop copiers. The following data concerns the copiers: 
If the company uses cost-plus pricing based on absorption cost, what price must the company charge when the mark-up percentage is 120 per cent?

The Houston Company Manufactures Office Equipment