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Author Question: The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: Direct ... (Read 56 times)

leilurhhh

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The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: 

Direct materials$60,000
Direct manufacturing labor35,000
 Factory overhead
Variable30,000
Fixed45,000
 Selling and administrative expenses
Variable20,000
Fixed25,000

Compute the average markup percentage for setting prices as a percentage of: 

a.The full cost of the product
b.The variable cost of the product
c.Variable manufacturing costs
d.Total manufacturing costs 


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Marked as best answer by leilurhhh on Mar 6, 2021

dawsa925

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leilurhhh

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Reply 2 on: Mar 6, 2021
Excellent


Laurenleakan

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Reply 3 on: Yesterday
:D TYSM

 

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