Question
Ricardo Company has predicted the following costs for this year for 50,000 units: Manufacturing Selling and Administrative Variable $200,000 $ 25,000 Fixed 300,000 75,000 Total
Ricardo Company has predicted the following costs for this year for 50,000 units:
|
| Manufacturing | Selling and Administrative |
| Variable | $200,000 | $ 25,000 |
| Fixed | 300,000 | 75,000 |
| Total | $500,000 | $100,000 |
What is the manufacturing cost markup needed to obtain a target profit of $100,000?
| A. | 33.5 percent | |
| B. | 40.0 percent | |
| C. | 10.4 percent | |
| D. | 34.5 percent |
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Accounting What The World's Best Forensic Accountants And Auditors Know About Forensic Accounting And Auditing That You Dont
Authors: Greg Shields
1st Edition
1647483255, 978-1647483258
