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Mountain Company Produced 20,000 Blankets in June to Be Sold

Question 29

Multiple Choice

Mountain Company produced 20,000 blankets in June to be sold during the holiday season. The manufacturing costs were: Mountain Company produced 20,000 blankets in June to be sold during the holiday season. The manufacturing costs were: Management has decided that the mark-on percentage necessary to cover the product's share of selling and administrative expenses and to earn a satisfactory profit is 30%. The selling price per blanket should be: A) $12.00. B) $15.60. C) $23.60. D) $31.20. Management has decided that the mark-on percentage necessary to cover the product's share of selling and administrative expenses and to earn a satisfactory profit is 30%. The selling price per blanket should be:


A) $12.00.
B) $15.60.
C) $23.60.
D) $31.20.

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