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A company has determined that its product has the following costs: Direct materials $32...

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Accounting

  1. A company has determined that its product has the following costs:

    Direct materials $32

    Direct labor $18

    Variable overhead $4

    Fixed overhead $3

    Variable selling $2

    Fixed selling $5

    The company uses a variable costing (or incremental) approach and has determined that its markup should be 18%. What is the unit selling price?

    a.

    $63.72
    b.

    $75.52
    c.

    $66.08
    d.

    $67.26

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