Solution-Compute the average markup percentage for setting

Compute the average markup percentage for setting prices

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Reference no: EM132734894

Blockbuster Video Rental has budgeted sales of $780,000 with the following budgeted costs:

Direct material $168,000

Direct manufacturing labour 132,000

Factory overhead:

Variable 96,000

Fixed 108,000

Selling and administrative expense:

Variable 72,000

Fixed 100,000

Required

Problem 1: Compute the average markup percentage for setting prices as a percentage of:

Total manufacturing costs
The variable cost of the product
The full cost of the product
Variable manufacturing costs

Reference no: EM132734894

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Compute the average markup percentage for setting prices

Reference no: EM132734894

Reference no: EM132734894

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