Multiple Choice
Use this information for Dotterel Corporation to answer the questions that follow.
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Dotterel Corporation uses the variable cost concept of product pricing. Below is the cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to an 11.2% rate of return on invested assets of $350,000.
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-The markup percentage for the sale of the company's product is
A) 14%
B) 5.6%
C) 45.71%
D) 11.2%
Correct Answer:
Verified
Correct Answer:
Verified
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