30 Applied fixed overhead 20 Variable selling and administrative cost 5 Allocated fixed selling and administrative co
30 Applied fixed overhead 20 Variable selling and administrative cost 5 Allocated fixed selling and administrative co
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Frost Ltd has has the following production related data:
Variable |
30 |
Applied fixed |
20 |
Variable selling and administrative cost | 5 |
Allocated fixed selling and administrative cost | 15 |
Determine the mark-up percentage to obtain a price of $105, assume Frost Ltd uses cost-plus pricing based on total variable costs.
The mark-up percentage is
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