and unit oor cost is 3 o. the a erhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. What is the %C of this panda toy line 30% 50% 70% 20% 40%

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
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Panda Toys Inc. plans to sell one line of its panda toys for $ 20. The material cost per unit is $4 and unit labor cost is $ 6. The annual
overhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. What is the %C of this panda toy line?
O 30%
O 50%
O 70%
O 20%
O 40%
Transcribed Image Text:Panda Toys Inc. plans to sell one line of its panda toys for $ 20. The material cost per unit is $4 and unit labor cost is $ 6. The annual overhead fixed costs are $ 500,000 and the promotion and advertising cost is $100,000. What is the %C of this panda toy line? O 30% O 50% O 70% O 20% O 40%
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