Silco Pty Ltd manufactures various lines of computer equipment.They are planning to introduce a line of laptop computers in January 2008.Current plans call for the production and sale of 1000 computers with estimated production costs as follows.The average amount of capital invested in the laptop computer line is $900 000 and Silco's target return on investment for the line is 18 per cent.What is the mark-up percentage if the company uses cost-plus pricing based on total variable cost?
Definitions:
Development Drawing
A detailed drawing that provides comprehensive information and specifications for the manufacturing or construction of a part or structure.
Tubular Or Cylindrical
Describes an object having a hollow or solid cylinder shape.
Gage
A device used for measurement or to determine conformity to a set of specifications, often used in manufacturing and engineering to ensure quality and precision.
Extra Material
Additional material provided beyond the specified dimensions to allow for finishing or machining.
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