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Home Q & A Board Other Fields Homework Help Business Accounting
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babesitter09 babesitter09
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Posts: 350
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6 years ago
Jackson Company has budgeted sales of $810,000 with the following budgeted costs:

Direct materials$168,000
Direct manufacturing labor140,000
Factory overhead
Variable98,000
Fixed108,000
Selling and administrative expenses
Variable72,000
Fixed100,000

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
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
Read 77 times
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#1
6 years ago
 
a.$168,000 + $140,000 + $98,000 + $108,000 = $514,000
($810,,000 - $514,000)/$514,000 = 57.6%

b.$168,000 + $140,000 + $98,000 + $72,000 = $478,000
($810,000 - $478,000)/$478,000 = 69.4%

c.$168,000 + $140,000 + $98,000 + $108,000 + $72,000 + $100,000 = $686,000
($810,000 - $686,000)/$686,000 = 18.07%

d.$168,000 + $140,000 + $98,000 = $406,000
($810,000 - $406,000)/$406,000 = 99.5%
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