Yakking Co.manufactures mobile cellular equipment and develops a price for the product by using the variable cost concept.Yakking incurs variable costs of $1,900,000 in the production of 100,000 units while fixed costs total $50,000.The company employs $4,725,000 of assets and wishes to earn a profit equal to a 10% rate of return on assets.
Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.
Definitions:
Job Specialization
The process of focusing one's career or labor on a specific area of expertise, allowing for greater efficiency and mastery of skills.
Horizontal Job Loading
Increasing the breadth of tasks performed in a job, as opposed to vertical loading which involves adding tasks of higher responsibility.
Flextime
A flexible work scheduling policy that allows employees to vary their arrival and departure times within specified limits.
Profit-Sharing
A compensation program where employees or stakeholders receive a share of the company’s profits, often based on predefined criteria or performance metrics.
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