Glover Inc. manufactures Product B, incurring variable costs of $15.00 per unit and fixed costs of $70,000. Glover desires a profit equal to a 12% rate of return on assets. Assets of $785,000 are devoted to producing Product B, and 100,000 units are expected to be produced and sold. a.  Compute the markup percentage using the total cost concept. fill in the blank 1 % b.  Compute the selling price of Product B. Round your answer to two decimal places. $fill in the blank 2

Q: Determine the markup percentage on total cost. 1%

A: Cost-Plus is a method of product pricing, under which price of the product is decided by adding the…

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A: Mark up % is % of Mark up  over product cost

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Q: markup percentage, using the product cost concept

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