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problem: Nancy's firm 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

QA: find out the average markup percentage (%) for setting prices as a percentage (%) of the full cost of the product

QB: find out the average markup percentage for setting prices as a percentage of the variable cost of the product

QC: find out average markup percentage for setting prices as a percentage (%) of the variable manufacturing costs

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M921535

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