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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

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921535

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