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Anderson expects to produce and sell 10,000 units Total Costs for Anderson are as follows: Direct Materials $ 325,000 Direct Labor 285,000 Variable Overhead
Anderson expects to produce and sell 10,000 units Total Costs for Anderson are as follows: Direct Materials $ 325,000 Direct Labor 285,000 Variable Overhead 70,000 Variable Selling and Administrative 60,000 Fixed Overhead 120,000 Fixed Selling and Administrative 140,000 If target profit is $140,000, Calculate Markup based on variable costs? PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE % SYMBOL. EXAMPLE IF YOUR ANSWER IS .7518 OR 75.18%, JUST WRITE 75 Numeric Response
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