Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

How would you calculate the markup on fixed cost to obtain a target profit? Please provide formula. Budgeted cost are for 10,000 units Variable cost

How would you calculate the markup on fixed cost to obtain a target profit? Please provide formula.

Budgeted cost are for 10,000 units

Variable cost Fixed Cost

Manufacturing 200,000 75,000

Selling and admin. 100,000. 25,000

Total. 300,000 100,000

What is the markup on FIXED cost needed to obtain a target profit of $125,000?

a) 300%

B) 400%

C) 150%

D) 425%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Of Internal Auditing In The Public Sector Perspectives From The Bulgarian And International Context

Authors: Plamena Nedyalkova

1st Edition

3030293319, 978-3030293314

More Books

Students also viewed these Accounting questions

Question

★★★★★

Wang Manufacturing uses regression analysis to predict manufacturing overhead costs based on labor-hours and/or machine-hours and has developed the three following regression equations. Required...

Answered: 1 week ago

Question

★★★★★

The wave function for the state n = 2 of the harmonic oscillator is 2(x) = A2(2ax2 )e-ax2, where A2 is the normalization constant for this wave function. Show that the wave functions for the states...

Answered: 1 week ago

Question

★★★★★

The report Findings from the 2008 Administration of the College Senior Survey (Higher Education Research Institute, 2009) asked a large number of college seniors how they would rate themselves...

Answered: 1 week ago

Question

★★★★★

Company S is an 80%-owned subsidiary of Company P. Company S needed to borrow $500,000 on January 1, 2011. The best interest rate it could secure was 10% annual. Company P has a better credit rating...

Answered: 1 week ago

Question

★★★★★

Nash Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,004,000 on January 1, 2017. Nash expected to complete the...

Answered: 1 week ago

Question

★★★★★

USUS, Inc. is considering a project that would have a 10-year life and would require a $1,000,000 nvestment in equipment. At the end of 10 years, the project would terminate and the equipment would...

Answered: 1 week ago

Question

★★★★★

The Joshi Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 6 years. In anticipation of the expansion, JFF invests...

Answered: 1 week ago

Question

★★★★★

(1 point) The graph of the function f(x) is -4 1,0 (the horizontal axis is x.) Consider the differential equation x' = f(x). List the constant (or equilibrium) solutions to this differential equation...

Answered: 1 week ago

Question

★★★★★

The properties of unidirectional fiber reinforced polymer composite laminate are given as: Elasticity modulus E (GPa) Shear modulus G(GPa) Fiber (E1f)=252 (E2f)=30 25 0.32 Matrix 3,8 2 0.28 Poisson's...

Answered: 1 week ago

Question

★★★★★

Graph the function. y= se2x To draw the graph, plot three consecutive asymptotes and two points, one on each side of the second asymptote. Then click on the graph icon.

Answered: 1 week ago

Question

★★★★★

Which circuit below is a direct implementation of the propositional logic statement ~ (p V qV ~ (r^ ~ ))^\\ ~ r? Version 1 P 13 P output 9 Version 2 output R

Answered: 1 week ago

Question

★★★★★

Explain why each of these statements is not an effective way to convey the negative message: (Objective 4) a. I am sorry I must refuse your request. b. Therefore, following company policy seems to be...

Answered: 1 week ago

Question

★★★★★

You have been invited to speak at a campaign kick-off reception for Bob Baffle, a candidate for mayor in your city. Bob is a friend of yours, and you plan to support his candidacy. However, the date...

Answered: 1 week ago

Question

★★★★★

You own Clean Mist Carpets, a company that uses a chemical process for cleaning carpets and removing stains.You do not guarantee success but have a good reputation for stain removal. Mr. and Mrs....

Answered: 1 week ago

Previous Question Next Question