The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials...

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The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials...

The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs:

Direct materials $60,000

Direct manufacturing labor 35,000

Factory overhead

Variable 30,000

Fixed 45,000

Selling and administrative expenses

Variable 20,000

Fixed 25,000

Compute the average markup percentage for setting prices as a percentage of the Total manufacturing costs.

Select one:

a. 39.5%

b. 106.8%

c. 45%

d. 76.5%

business accounting

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Answer Page: No Average markup Percentage for getting prices as a percentage of the total manufacturing costs Budgeted sales

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