Kristopher Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials $60,000 Direct manufacturing labor 40,000 Factory...

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Accounting

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

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Compute the average markup percentage for setting prices as a percentage of a Full cost Direct material direct labor Variable Factory overhead Fixed factory overhead Variable selling and administrative expenses See Answer

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