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A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used and markup of 50%? a. $75.00 b. $62.50 c. There is not enough information in the problem to answer. d. $67.50

A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used and markup of 50%? a. $75.00 b. $62.50 c. There is not enough information in the problem to answer. d. $67.50

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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A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used and markup of 50%? a. $75.00 b. $62.50 c. There is not enough information in the problem to answer. d. $67.50
Transcribed Image Text:A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used and markup of 50%? a. $75.00 b. $62.50 c. There is not enough information in the problem to answer. d. $67.50
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