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What price will magic fun charge if uses cost-plus pricing

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Reference no: EM132952926

Problem 1: Magic Fun has total fixed costs of $4,000,000 and total variable cost of $2,000,000 during a month when it sold 200,000 units. What price will Magic Fun charge if it uses cost-plus pricing and a markup of 20%?

Group of answer choices

Option 1: $30.00

Option 2: $24.00

Option 3: $36.00

Option 4: $48.00

Reference no: EM132952926

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