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Compute the following markup percentages that would be used for obtaining the same target sales as a percentage of 1. Total variable costs 2. Full
Compute the following markup percentages that would be used for obtaining the same target sales as a percentage of
1. | Total variable costs |
2. | Full costs |
3. | Variable manufacturing costs |
Consider the following data from Henderson Company's budgeted income statement in thousands of dollars). 5(Click the icon to view the budgeted income statement.) Requirement Compute the following markup percentages that would be used for obtaining the same target sales as a percentage of 1. Total variable costs 2. Full costs 3. Variable manufacturing costs Requirement. Compute the markup percentage for each scenario. Begin by selecting the formula to calculate the target pricing markup percentage, then enter the amounts to calculate the markup percentage for each of the scenarios. (Enter the markup as a percentage rounded to the nearest whole percent.) Markup % Data Table $ 96,750 Target sales Variable costs Manufacturing 32,250 6,450 Selling and administrative 38,700 Total variable costs Fixed costs Manufacturing 8,600 6,450 Selling and administrative Total fixed costs 15,050 Total of all costs 53,750 $ 43,000 Operating income Print Done
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