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What is the markup on fixed costs needed

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Question - Crespi Holdings has the following budgeted costs for 20,000 units:

                                         Variable Costs   Fixed Costs

Manufacturing                        $200,000              $150,000

Selling & Administrative          100,000                50,000

Total                                     $300,000              $200,000

What is the markup (percent) on fixed costs needed to obtain a target profit of $300,000?

Reference no: EM131812171

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