Computing average markup percentage for setting prices

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Reference no: EM13140810

Compute the average markup percentage for setting prices as a percentage of the full cost of the product 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 & Administrative Expenses variable 20,000, Fixed 30,000.

Reference no: EM13140810

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