A manufacturing company has fixed costs of $120,000 per month and variable costs of $6 per unit. Determine the break even quantity for each of these price points.
$7
$8
$10
$12
Determine the markup as a percentage of the selling price when the cost is $7 and the selling price is $10.
Determine the markup as a percentage of cost when the cost is $7 and the selling price is $10.
Determine the selling price when the cost is $12 and the % markup on cost is 25%.
Determine the cost when the selling price is $20 and the % markup on cost is 30%.