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Determine the mark-up percentage used by the company

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Reference no: EM133013985

Question - Kiddos Toys Ltd has the following data concerning a decorator playpen it manufactures:

Variable manufacturing cost $30

Applied fixed overhead $20

Variable selling and administrative cost $5

Allocated fixed selling and administrative cost $15

If the company uses cost-plus pricing based on full cost, determine the mark-up percentage used by the company to obtain a price of $105.

Reference no: EM133013985

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