Using the Variable Cost Concept,determine the Markup Per Unit for 30,000

question 14

Multiple Choice

Using the variable cost concept,determine the markup per unit for 30,000 units using the following data: ​
Variable cost per unit $15.00
Total fixed costs $90,000
Desired profit $150,000

• A) $10
• B) $15
• C) $8
• D) $23

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Definitions:

Primacy Effect

The inclination to recall information more effectively when it's introduced initially than when it comes later.

Upward Counterfactuals

Hypothetical scenarios that individuals imagine which are better than what actually happened, often used in reflecting on past events.

Downward Counterfactual

Thinking about how a situation could have been worse, often leading to feelings of relief or contentment.

Upward Counterfactual

An imagined alternative in which the outcome is better than what actually happened.