. Multiple Products Co

question 6

Multiple Choice

. Multiple Products Co.
Multiple Products Co. has predicted the following costs for this year for 100,000 units:
-41 Refer to Multiple Products Co. What is the markup on variable costs needed to achieve a target profit of £100,000?

• A) 375 percent
• B) 275 percent
• C) 250 percent
• D) 200 percent

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Definitions:

Accountant

A professional who performs accounting functions such as audits or financial statement analysis and is proficient in financial reporting and regulation.

Depreciation Expense

The method of distributing the expense of a physical asset across its serviceable duration, accounting for depreciation or becoming outdated.

Depreciation

The method of allocating the cost of a tangible asset over its useful life.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, following major financial scandals.