Using the variable cost method, the markup per unit for 30,000 units (rounded to the nearest dollar) using the following data isLine Item DescriptionAmountVariable cost per unit$15Total fixed costs$90,000Desired profit$150,000A. $15B. $8C. $10

Markup % = (Fixed cost + Desired profit) / Total Variable cost Markup % = ($90,000 + $150,000) /…

Answered: ounded to the nearest dollar) using the…

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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Line Item Description	Amount
Variable cost per unit	$15
Total fixed costs	$90,000
Desired profit	$150,000

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ounded to the nearest dollar) using the following data is Line Item Description Amount Variable cost per unit $15 Total fixed costs $90,000 Desired profit $15