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Find what is the markup on variable costs needed

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Reference no: EM131812226

Question - Faulkner Corporation has the following budgeted costs for 20,000 units:

                                            Variable Costs      Fixed Costs

Manufacturing                           $250,000              $60,000

Selling and Administrative          150,000                40,000

Total                                        $400,000              $100,000

a. What is the markup on variable costs needed to break even?

b. What is the markup on variable costs needed to obtain a target profit of $75,000?

Reference no: EM131812226

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