At a Certain Level of Operations,per Unit Costs and Selling

question 22

Multiple Choice

At a certain level of operations,per unit costs and selling price are as follows: manufacturing costs,$50;selling and administrative expenses,$10;selling price,$80.Given this information,the mark-on percentage to manufacturing cost used to determine selling price must have been:

• A)20 percent.
• B)60 percent.
• C)33 percent.
• D)25 percent.