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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Study Guide And Working Papers For Advanced Accounting
Authors: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik, Sharon O'reilly
10th Edition
0077268040, 9780077268046
