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:

Equity Mutual Fund

A type of investment fund that pools money from multiple investors to buy a diversified portfolio of stocks or equities.

Company's Stock

Represents ownership shares in a corporation, giving stockholders a claim on the company's assets and earnings.

Stock Portfolio

A collection of stocks owned by an individual or institution, often diversified across various sectors or industries.

Government Bonds

Debt securities issued by a government to finance its expenditures, offering a return in the form of periodic interest payments.