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Onxy Onxy
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7 years ago
The Kensington Corporation invested $2,500,000 in an operation to make wooden planks. The target operating income desired at the plant is $245,000 annually. The company plans actual sales of 700 planks at $500 each. The managerial accountant reported a target rate of return on the investment of 15%.
Required:
Compute the markup percentage as a percentage of the full cost for the Kensington Corporation.
A) 2.00%
B) 2.13%
C) 2.33%
D) 2.43%
E) 2.53%
Textbook 
Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
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noitulovenoitulove
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7 years ago
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Onxy Author
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7 years ago
This site is awesome
Shuqin
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Brilliant ツ
ky
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Smart ... Thanks!
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