Question
The predicted 2023 costs for Eta Motors are as follows: Manufacturing Costs Selling and Administrative Costs Variable $250,000 Variable $500,000 Fixed 430,000Fixed 200,000 Average total
- The predicted 2023 costs for Eta Motors are as follows:
Manufacturing Costs Selling and Administrative Costs
Variable $250,000 Variable $500,000 Fixed 430,000Fixed 200,000
Average total assets for 2023 are predicted to be $4,000,000.
If the company desires 8% percent rate of return on total assets, what is the markup percentage on total manufacturing costs for the desired profit?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
