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What is average target markup percentage for setting prices

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Reference no: EM133179699

Question - Kulvekowski Company has budgeted sales of $30,000 with the following budgeted costs:

Direct materials $6,300

Direct labor $4,100

Variable factory overhead $3,700

Fixed factory overhead $5,600

Variable selling and administrative costs $2,400

Fixed selling and administrative costs $3,200

Required - What is the average target markup percentage for setting prices as a percentage of total costs?

A) 15.7%

B) 18.6%

C) 20.1%

D) none of the above

Reference no: EM133179699

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