Using the Variable Cost Concept, Determine the Selling Price for 30,000

question 130

Essay

Using the variable cost concept, determine the selling price for 30,000 units using the following data: variable cost per unit, $15.00; total fixed costs, $90,000; and desired profit, $150,000. Round the markup percentage to one decimal place and markup to nearest dollar.

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Definitions:

Cognitive Psychologist

A professional who studies mental processes including how people think, perceive, remember, and learn.

Decision Making

The cognitive process involving the selection of a belief or a course of action among several possible alternatives.

Problem Solving

The process of finding solutions to difficult or complex issues.

Reasoning

The process of thinking about something in a logical way in order to form a conclusion or judgment.