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Sample Company reported the following costs during 2020 for the manufacture and sale of 2000...

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Accounting

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Sample Company reported the following costs during 2020 for the manufacture and sale of 2000 units: $ $ 220 000 20 000 Variable costs: Manufacturing Selling and administrative Fixed costs: Manufacturing Selling and administrative $ $ 100 000 50 000 The average amount of capital invested in the product line during the year was $500 000 and the targeted return on investment was 20 per cent. If Sample's price per unit was $245 and the mark-up percentage was 122.72 per cent, what pricing formula was used by the company? Time and materials cost-plus Total variable cost-plus Variable manufacturing cost-plus O Absorption cost-plus

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