Periwinkle manufacturing company

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Reference no: EM13922087

Periwinkle Manufacturing Company has the following budgeted costs for 10,000 units:

	Variable Costs	Fixed Costs
Manufacturing	$200,000	$ 75,000
Selling & Administrative	100,000	25,000
Total	$300,000	$100,000

What is the initial selling price needed to obtain a target profit of $200,000 using the variable cost markup method?

	A.	$30
	B.	$55
	C.	$60
	D.	$50

Reference no: EM13922087

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