Sierra Company produces its product at a total cost of $100 per unit. Of this amount, $30 per unit selling and administrative costs. The total variable cost is $80 per unit, and the desired profit is $13 Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost b. Product cost c. Variable cost 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sierra Company produces its product at a total cost of $100 per unit. Of this amount, $30 per unit is selling and administrative costs. The total variable cost is $80 per unit, and the desired profit is $12.00 per unit.
Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place.
a. Total cost
b. Product cost
c. Variable cost
Transcribed Image Text:Sierra Company produces its product at a total cost of $100 per unit. Of this amount, $30 per unit is selling and administrative costs. The total variable cost is $80 per unit, and the desired profit is $12.00 per unit. Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost b. Product cost c. Variable cost
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