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Hordel Company needs to determine a markup for a new product. Hordel expects to sell...

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Accounting

Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $90 per unit. Additional Information is as follows: Variable costs per Unit Fixed Costs (total) Direct materials $ 23 Overhead $ 49,040 Direct labor 44 General and administrative 38,0401 Overhead 24 General and administrative 25 Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice 901% 761% 92.6% 877%

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