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 |
Manufacturing overhead
Selling and administrative
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%