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The Following Data Pertain to Lomax Enterprises What Price Will the Company Charge If the Firm Uses

Question 81

Multiple Choice

The following data pertain to Lomax Enterprises:  Variable manufacturing cost $70 Variable selling and administrative cost 20 Applied fixed manufacturing cost 40 Allocated fixed selling and administrative cost 15\begin{array} { l r } \text { Variable manufacturing cost } & \$ 70 \\\text { Variable selling and administrative cost } & 20 \\\text { Applied fixed manufacturing cost } & 40 \\\text { Allocated fixed selling and administrative cost } & 15\end{array} What price will the company charge if the firm uses cost-plus pricing based on absorption manufacturing cost and a markup percentage of 110%?


A) $84.
B) $147.
C) $210.
D) $231.
E) None of the other answers are correct.

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