FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Marshall Grocery Delivery Service reports the following information:
| Direct labor rate per hour | $ 20 | |
|---|---|---|
| Non-materials related |
$ 25.80 | |
| Materials-related overhead | 4% | of Direct materials cost |
| Target profit margin | 20% |
what is the materials markup?
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