Bluegreen's Most Popular Product Has a Variable Cost of $43

question 23

Multiple Choice

Bluegreen's most popular product has a variable cost of $43.56.On Bluegreen's income statement, the cost of goods sold per unit is $40.29.If Bluegreen's markup percentage on variable cost is 25% and its gross margin is 26%, what is the selling price of this product?

• A)$54.45
• B)$58.08
• C)$58.86
• D)$53.72