Moon Company Uses the Variable Cost Concept of Applying the Cost-Plus

question 34

Essay

Moon Company uses the variable cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows:
Moon desires a profit equal to a 18% rate of return on invested assets of $1,440,000.
Round your markup percentage to one decimal place and other intermediate calculations and final answer to two decimal places.

---

Definitions:

Penalties

Fines or other forms of punishment imposed on individuals or organizations for breaking laws or regulations.

Sale Of Goods Act

Legislation that regulates the sale of goods, ensuring certain standards of quality and fitness for purpose among other sales rights and duties.

Consumer Protection Legislation

Laws and regulations designed to ensure the rights of consumers are protected and to promote fair trade, competition, and accurate information in the marketplace.

Consumer Protection Legislation

Laws enacted to ensure the rights of consumers are protected, aiming to prevent businesses from engaging in fraud or specified unfair practices.