Product cost markup percentage green thumb garden tools inc. produces and sells home and garden tools and equipment. a lawn mower has a total cost of $230 per unit, of which $160 is product cost and $70 is selling and administrative expenses. in addition, the total cost of $230 is made up of $120 variable cost and $110 fixed cost. the desired profit is $58 per unit. determine the markup percentage on product cost. round the answer to nearest whole

80%

Explanation:

The computation of the markup percentage on product cost is shown below:

= (Selling and administrative expenses per unit + desired profit per unit) ÷ (product cost per unit)

= ($70 per unit + $58 per unit) ÷ ($160 per unit)

= ($128 per unit)  ÷ ($160 per unit)

= 80%

All other information which is given is not relevant. Hence, ignored it

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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