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Author Question: Wilde Corporation budgeted the following costs for the production of its one and only product for ... (Read 55 times)

Pea0909berry

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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$1,140,000
Direct labor795,000
 Manufacturing overhead
Variable840,000
Fixed700,000
 Selling and administrative
Variable360,000
Fixed530,000
Total costs$4,365,000
Wilde has an annual target operating income of $920,000.

The markup percentage for setting prices as a percentage of the variable cost of the product is ________.
◦ 46.3%
◦ 39.2%
◦ 27.5%
◦ 68.6%


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Marked as best answer by Pea0909berry on Mar 6, 2021

whitcassie

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Pea0909berry

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


adf223

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Reply 3 on: Yesterday
Wow, this really help

 

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