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Home Q & A Board Other Fields Homework Help Business Accounting
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sarah963 sarah963
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5 years ago
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
Direct labor775,000
Manufacturing overhead
Variable850,000
Fixed680,000
Selling and administrative
Variable380,000
Fixed510,000
Total costs$4,320,000

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

The markup percentage for setting prices as a percentage of total manufacturing costs is ________.
A) 52.8%
B) 78.5%
C) 214.2%
D) 41.7%
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
Read 111 times
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wrote...
#1
5 years ago
 A
Explanation:  Markup percentage = ($920,000 + $380,000 + $510,000) /  ($1,125,000 + $775,000 + $850,000 + $680,000) = 52.8%
sarah963 Author
wrote...
#2
5 years ago
Genius!!!!!!
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