Product Cost Markup Percentage Greenhouse Garden Tools Inc. produces and sells home and garden tools and equipment. A lawn mower has a total cost of $310 per unit, of which $220 is product cost and $90 is selling and administrative expenses. In addition, the total cost of $310 is made up of $160 variable cost and $150 fixed cost. The desired profit is $75 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number.

Calculate markup percentage using absorption-cost pricing and variable-cost pricing. E9.32 (LO 3, 4) Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $21, direct labour $26, variable manufacturing overhead $16, fixed manufacturing overhead $22, variable selling and administrative expenses $9, and fixed selling and administrative expenses $15. The company's ROI per unit is $20. Instructions Calculate Firefly Corporation's markup percentage using (a) absorption-cost pricing and (b) variable-cost pricing.

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Benoit Company produces three products-A, B, and C. Data concerning the three products follow (per unit): Product B $ 62.00 Selling price Variable expenses: Direct materials Other variable expenses Total variable expenses Contribution margin Contribution margin ratio A $ 80.00 24.00 24.00 48.00 $ 32.00 Required 1 Required 2 40% Required 3 18.00 25.40 43.40 $18.60 30% с $81.00 The company estimates that it can sell 800 units of each product per month. The same raw material is used in each product. The material costs $3 per pound with a maximum of 5,000 pounds available each month. 9.00 43.65 52.65 $28.35 Required: 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Which orders would you advise the company to accept first, those for A, B, or C? Which orders second? Third? 3. What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 5,000 pounds of materials? 35% Complete this question by…