Question

Refer to the cost and production data for the Wave Darter in Exhibit 15–5. The target profit is $60,000.


Required:
Use the general formula for determining a markup percentage to compute the required markup percentages with the following two cost-plus formulas:
1. Variable manufacturing costs [formula (1) in Exhibit 15–5].
2. Absorption manufacturing cost [formula (2) inExhibit 15–5].


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  • CreatedApril 22, 2014
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