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(a) If management desires a 11 percent rate of return on total assets, what are the markup percentages for total variable costs and for total
(a) If management desires a 11 percent rate of return on total assets, what are the markup percentages for total variable costs and for total manufacturing costs? (Round your answers to the nearest whole percent.) Markup on variable costs Answer 1 44 % Markup on manufacturing costs Answer 2 0 % (b) If the company desires a 9 percent rate of return on total assets, what is the markup percentage on total manufacturing costs for (1) unassigned costs and (2) desired profit? Note: The markup percentage on total manufacturing costs is 261%. Compute the markup percentage for each component. Note: Round your answers to the nearest whole percent. Markup to cover unassigned costs Answer 3 0 % Markup to cover desired profit Answer 4 0
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