If the Target Profit Is $60 000 for an Annual

question 92

Multiple Choice

If the target profit is $60 000 for an annual volume of 480 units, the total annual fixed costs are $168 000 and the total variable cost per unit is $450, then what is the mark-up percentage on full cost?

• A) 15.6%
• B) 13.5%
• C) 105.6%
• D) 51.4%

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Definitions:

Relatedness

In psychology, relatedness refers to the need to feel connected to others, being an essential component of human motivation according to various theories, including self-determination theory.

Physiological Needs

Basic physical requirements necessary for survival, such as food, water, and sleep.

Laboratory Research

Scientific research carried out in a controlled, often indoor, environment where variables can be manipulated and observed closely.

Cognitive Needs

Refers to the mental requirements necessary for learning, understanding, and developing intelligence, including perception, attention, and memory.