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:

Negligence

The omission to do something that a reasonable person, guided by those considerations that ordinarily regulate human affairs, would do, or doing something that a prudent and reasonable person would not do.

False Imprisonment

A legal claim involving the wrongful detention of an individual without their consent.

Legal Authority

The right granted to a body or individual to make enforceable legal decisions and judgements.

Intentional Confinement

The deliberate act of restricting a person’s movements or freedom without lawful authority.