Page 14 of 27 Question 14 (4 points) Serena Company has budgeted the following costs for the production of its only product: $5,000 15,000 7,000 Direct Materials Direct Labor Variable indirect production costs Fixed indirect production costs Variable selling and administrative costs Fixed selling and administrative costs Total Costs 13,000 15,000 4: 60.000 $115.000 Le 5: Serena Company has a target revenue of $141.620. What is the average target markup percentage for setting prices as a percentage of total fixed costs? A) 158% le 5 6 7 9 0 . V R. Y o P P S G H J IK K IL : 5 V B N 2 M M 1 Poup All PAS cin Total Costs vy $115.000 Serena Company has a target revenue of $141,620. What is the average target markup percentage for setting prices as a percentage of total fixed costs? A) 158% B) 24% C) 94% D) 66% 5: Previous Page Next Page Page 14 of 27 Submit Quiz 1 of 27 questions saved 5 6 B 7 B 9 3 0 W E R Y U P s F G H J K 3 2 V B N M M 5 7 Pouo Alt Pase