Author Question: Wilde Corporation budgeted the following costs for the production of its one and only product for ... (Read 40 times)

michelleunicorn · **on:** Mar 6, 2021

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

Direct materials

$1,135,000

Direct labor

800,000

Manufacturing overhead

Variable

880,000

Fixed

650,000

Selling and administrative

Variable

380,000

Fixed

510,000

Total costs

$4,355,000

Wilde has an annual target operating income of $990,000.

The markup percentage for setting prices as a percentage of the full cost of the product is ________.
◦ 31.9%
◦ 36.3%
◦ 45.8%
◦ 22.7%

marict · **Reply #1 on:** Mar 6, 2021

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