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Author Question: Wilde Corporation budgeted the following costs for the production of its one and only product for ... (Read 35 times)

mydiamond

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Wilde Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:

Direct materials$1,125,000
Direct labor775,000
 Manufacturing overhead
Variable850,000
Fixed680,000
 Selling and administrative
Variable380,000
Fixed510,000
Total costs$4,320,000

Wilde has an annual target operating income of $920,000.

The markup percentage for setting prices as a percentage of total manufacturing costs is ________.
◦ 52.8%
◦ 78.5%
◦ 214.2%
◦ 41.7%


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Marked as best answer by mydiamond on Mar 6, 2021

scrocafella

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mydiamond

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Reply 2 on: Mar 6, 2021
Excellent


ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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