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Mallory Company uses the product cost method of applying the cost-plus approach to product pricing....

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Accounting

Mallory Company uses the product cost method of applying the cost-plus approach to product pricing. It produces and sells Product X at a total cost of $35 per unit, of which $28 is product cost and $7 is selling and administrative expenses. In addition, the total cost of $35 is made up of $24 variable cost and $11 fixed cost. The desired profit is $8 per unit.
Determine the markup percentage on product cost. Round your answer to one decimal place.
fill in the blank 1 of 1
%

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