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Author Question: Wilde Corporation budgeted the following costs for the production of its one and only product for ... (Read 24 times)

sam.t96

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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$1,150,000
Direct labor775,000
 Manufacturing overhead
Variable850,000
Fixed670,000
 Selling and administrative
Variable410,000
Fixed490,000
Total costs$4,345,000

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

The markup percentage for setting prices as a percentage of variable manufacturing costs is ________.
◦ 52.83%
◦ 89.73%
◦ 65.31%
◦ 21.17%


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Marked as best answer by sam.t96 on Mar 6, 2021

Anna

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sam.t96

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


31809pancho

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Reply 3 on: Yesterday
Excellent

 

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