If the Target Profit Is $60,000 for a Volume of 480

question 8

Multiple Choice

If the target profit is $60,000 for a volume of 480 units, fixed costs are $168,000, and the variable cost per unit is $450, then the markup percentage on variable cost would be:

• A) 104.56%.
• B) 105.56%.
• C) 106.00%.
• D) 106.45%.
• E) None of the answers is correct.

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Definitions:

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language that describes the structure of a system by showing the system's classes, attributes, operations, and relationships among objects.

Sphere

A three-dimensional geometric shape that is perfectly round and symmetrical, with every point on its surface equidistant from its center.

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language that describes the structure of a system by showing the system's classes, attributes, operations, and the relationships among objects.

Private Access

An access modifier in object-oriented programming that restricts access to the members of a class from outside.