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What markup on variable costs to cover unassigned costs

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Cost-Based Pricing and Markups with Variable Costs

Computer Consultants provides computerized inventory consulting. The office and computer expenses are $800,000 annually and are not assigned to specific jobs. The consulting hours available for the year total $20,000, and the average consulting hour has $25 of variable costs.

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Question a. If the company desires a profit of $150,000, what should it charge per hour?

Question b. What is the markup on variable costs if the desired profit is $200,000?

Question c. If the desired profit is $75,000, what is the markup on variable costs to cover (1) unassigned costs and (2) desired profit?

Reference no: EM132479745

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