FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Target profit is $100,000; fixed overhead
costs are $120,000 and fixed selling and
administrative costs are $50,000. If total
variable cost is $675,000, the markup
percentage to the variable cost using the
variable cost method is %. Round your
answer to the nearest whole percent
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Transcribed Image Text:Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total variable cost is $675,000, the markup percentage to the variable cost using the variable cost method is %. Round your answer to the nearest whole percent
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