Question
Tootsie Manufacturing Company has the following budgeted costs for 10,000 units: Variable Costs Fixed Costs Manufacturing 100,000 50,000 Selling and admin 50,000 12,500 Total 150,000
Tootsie Manufacturing Company has the following budgeted costs for 10,000 units:
Variable Costs Fixed Costs
Manufacturing 100,000 50,000
Selling and admin 50,000 12,500
Total 150,000 62,500
What is the markup on variable costs needed to break even?
a. 41.67 percent
b. 150.4 percent
c. 33.3 percent
d. 300.0 percent
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
