Homework Answers
Total Costs =
Direct Materials = $6,300
Direct Labor = $4,100
Variable Factory OH = $3,700
Fixed Factory OH = $5,600
Variable Admin & Selling = $2,400
Fixed Admin & Selling = $3,200
Total Manufacturing Costs = $25,300
Sales = $30,000
Mark up percentage = (Sales / Total Costs) - 1
Mark up percentage = ($30,000 / $25,300) - 1
Mark up percentage = 1.1858 -1
Mark up percentage = 0.1858
Mark up percentage = 18.58%
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1 Sprint LTE 5:18 PM 50% 66 → 0 Butters Company has budgeted sales of $30,000...
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