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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Frost Ltd has has the following production related data:

 

Variable manufacturing cost 30
Applied fixed overhead 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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