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Accounting

Isaac Company has estimated the following costs for this year for 240,000 units:

Manufacturing
Selling and
Administrative
Variable $150,000 $65,000
Fixed 350,000 135,000
Total $500,000 $200,000

Calculate the manufacturing cost markup needed to obtain a target profit of $100,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415901

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