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Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year: Direct materials Direct labour
Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year: Direct materials Direct labour Factory overhead: Variable Fixed Selling and administrative: Variable Fixed Total costs Patton has a target profit of $750,000. What is the target profit percentage as a percentage of total manufacturing costs? A. 227% B. 92% C. 208% D. 109% E. 122% ... $205,000 125,000 70,000 290,000 75,000 80,000 $845,000
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