Kristopher Company has budgeted sales of $300,000 with thefollowing budgeted costs:
Directmaterials $60,000
Direct manufacturinglabor 40,000
Factory overhead
Variable 30,000
Fixed 50,000
Selling and administrativeexpenses
Variable 20,000
Fixed 30,000
Required (10points):
Compute the average markup percentage for setting prices as apercentage of:
- The full cost of the product
- The variable cost of the product
- Variable manufacturing costs
- Total manufacturing costs
