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Timothy Company has budgeted sales of $780,000 with the following budgeted costs: Selling and administrative expenses: Compute the average markup percentage for setting prices as

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Timothy Company has budgeted sales of $780,000 with the following budgeted costs: Selling and administrative expenses: Compute the average markup percentage for setting prices as a percentage of: a. Total manufacturing costs b. The variable cost of the product c. The full cost of the product d. Variable manufacturing costs

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