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Other Fields Homework Help Economics Topic started by: ruskin on Nov 7, 2017



Title: Timothy Company has budgeted sales of $780,000 with the following budgeted costs: Direct ...
Post by: ruskin on Nov 7, 2017
Timothy Company has budgeted sales of $780,000 with the following budgeted costs:

Direct materials   $168,000
Direct manufacturing labour   132,000
Factory overhead:
   Variable   96,000
   Fixed   108,000
Selling and administrative expenses:
   Variable   72,000
   Fixed   100,000

Compute the average markup percentage for setting prices as a percentage of:
a.   Total manufacturing costs
b.   The variable cost of the product
c.   The full cost of the product
d.   Variable manufacturing costs


Title: Re: Timothy Company has budgeted sales of $780,000 with the following budgeted costs: Direct ...
Post by: btpsand on Nov 7, 2017
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