Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year:

Direct materials	$215,000
Direct labour	115,000
Factory overhead:
Variable	80,000
Fixed	280,000
Selling and administrative:
Variable	85,000
Fixed	70,000
Total costs	$845,000

Patton has a target profit of $750,000. The target profit percentage for setting prices as a percentage of total costs would be

Question 13Select one:

a.

109%.

b.

158%.

c.

113%.

d.

99%.

e.

89%