A product has the following costs.??
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$
Direct materials? ? ? ? ? ? ? ? ? ? ? ? ? ?8?
Direct labour? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?10?
Variable overheads? ? ? ? ? ? ? ? ? ? ?4?
Fixed overheads are $15,000 per month. Budgeted sales per month as 500 units??
What is the profit mark up (the nearest whole percentage) which needs to be added to marginal?cost to establish a selling price that will allow the product to breakeven??