(Answered) Question - crespi holdings has the following budgeted costs

Accounting

Question - Crespi Holdings has the following budgeted costs for 20,000 units:

Variable Costs Fixed Costs

Manufacturing $200,000 $150,000

Selling & Administrative 100,000 50,000

Total $300,000 $200,000

What is the markup (percent) on fixed costs needed to obtain a target profit of $300,000?

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