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Compute the average mark-up percentage for setting prices

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Reference no: EM133076959

Question - Nancy Company has budgeted sales of $300,000 with the following budgeted costs:

Direct materials $60,000

Direct manufacturing labor 40,000

Factory overhead Variable 30,000

Fixed 50,000

Selling and administrative expenses Variable 20,000 Fixed 30,000

Compute the average mark-up percentage for setting prices as a percentage of:

a. The full cost of the product

b. The variable cost of the product

c. Variable manufacturing costs

d. Total manufacturing costs

Reference no: EM133076959

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