Using the Variable Cost Concept, Determine the Markup Per Unit

question 151

Multiple Choice

Using the variable cost concept, determine the markup per unit for 30,000 units using the following data: Variable cost per unit
$15) 00
Total fixed costs
$90,000
Desired profit

• A) $10 $150,000
• B) $15
• C) $8
• D) $23

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Definitions:

Fraction

An algebraic expression that signifies the division of one quantity by another to represent fractions of a whole.

Factors

Elements or conditions that contribute to a particular result or situation; in mathematics, numbers or expressions that multiply to form a product.

Number 12

The whole number that follows 11 and precedes 13, part of the counting order in mathematics.

Exponent

A mathematical notation indicating the number of times a base is multiplied by itself, also known as "power" or "index".