Determining mark up percentage on product cost


Response to the following problem:

The Bitterns Company produces their product at a total cost of $89 per unit. Of this amount $14 per unit is selling and administrative costs. The total variable cost is $58 per unit. The desired profit is $25 per unit. Determine the mark up percentage on

(a) total cost,

(b) product cost and

(c) variable cost concepts.

Round your answer to one decimal place, if necessary.

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Cost Accounting: Determining mark up percentage on product cost
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