Hummingbird Company Uses the Product Cost Concept of Applying the Cost-Plus

question 147

Essay

Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows:
Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
Round your markup percentage to one decimal place, and other intermediate calculations and final answer to two decimal places.

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Definitions:

Psychosurgery

Surgical procedures that alter brain tissue to treat mental disorders; a form of neuroscience treatment.

Schizophrenia

is a mental disorder characterized by disturbances in thought, perception, and behavior, including delusions and hallucinations.

Behavior Modification

A therapeutic approach aimed at changing undesirable behaviors through the use of learning techniques, such as reinforcement or punishment.

E-therapy

The provision of mental health services and support over the internet.