Examlex
Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. The markup percentage on total cost for the company's product is:
Incremental Revenue
Additional income generated from a new sale, project, or strategy, over and above existing revenue streams.
Incremental Costs
Costs that change as a result of a new decision or alternative action, also known as marginal costs.
Incremental Costs
Incremental costs are the additional costs incurred when a business increases its level of operations or production.
Make or Buy
A decision-making process used by companies to determine whether to produce goods in-house or purchase them from an external supplier.
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