Question
Johanson Company had the following information: Revenues Cost of goods sold: Direct materials $100,000 $400,000 Direct labor 50,000 Overhead 50,000 200,000 Gross profit $200,000 Selling
- Johanson Company had the following information:
| Revenues Cost of goods sold: Direct materials |
$100,000 | $400,000 |
| Direct labor | 50,000 |
|
| Overhead | 50,000 | 200,000 |
| Gross profit |
| $200,000 |
| Selling and administrative expenses |
| 75,000 |
| Operating income |
| $125,000 |
| What is the markup based on cost of goods sold? a. 100.0% |
| |
| b. 50.0% | ||
| c. 37.5% | ||
| d. 62.5% | ||
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Management Accounting In Health Care Organizations
Authors: David W. Young
3rd Edition
1118653629, 978-1118653623
