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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
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