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What is the markup on fixed costs needed to obtain profit

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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: EM131823097

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