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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Nancy Company has budgeted sales of $300,000 with the following budgeted costs:

   Direct materials   $60,000
   Direct manufacturing labor   40,000
   Factory overhead
   Variable   30,000
   Fixed   50,000
   Selling and administrative expenses
   Variable   20,000
   Fixed   30,000

Compute the average markup percentage for setting prices as a percentage of:

a.   The full cost of the product
b.   The variable cost of the product
c.   Variable manufacturing costs
d.   Total manufacturing costs
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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#1
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9 years ago
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jerico Author
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#2
9 years ago
Very happy to know people like you still exist. Really, without your help, I wouldn't understand the content one bit.
wrote...
#3
9 years ago
Sweet, you're welcome.
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