The Swan Company Produces Its Product at a Total Cost

question 102

Multiple Choice

The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit.
Determine the markup percentage on total cost.

• A) 100%
• B) 110%
• C) 80%
• D) 46.5%

---

Definitions:

Socialization

The process through which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society.

Consciousness

The condition of being conscious and cognizant of the environment, one's thoughts, and emotions.

Cocktail Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, almost as if at a noisy party.

Attention

The act of mentally directing focus towards a particular part of the environment, disregarding other elements.