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Marigold Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $42000 Variable selling and administrative costs $38000 Fixed manufacturing costs
Marigold Corp. has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $42000 |
| Variable selling and administrative costs | $38000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1800000 |
| ROI | 30% |
| Planned production and sales | 5000 pairs |
What is the markup percentage?
150%
675%
267%
193%
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
