Alfredo Co. has collected the following per unit data:
Direct labor $8 Variable selling and admin. $3
Direct materials 5 Fixed overhead 1
Variable overhead 4 Fixed selling and admin. 7
The markup percentage is 120%. What is the markup amount under the variable-cost approach?
a) $21.60
b) $24.00
c) $33.60
d) $20.40
b) $24.00
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Which of the following is a disadvantage of greenfield ventures?
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A ________ occurs when two business firms in separate countries arrange to borrow each other's currency for a specified period of time
A) natural hedge loan B) forward loan C) currency switch loan D) back-to-back loan