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ruskin ruskin
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6 years ago
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
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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btpsandbtpsand
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6 years ago
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ruskin Author
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6 years ago
Brilliant ツ
DragonHeart
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Yesterday
This helped my grade so much Perfect
Holly72492
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2 hours ago
Thanks
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