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Faulkner Corporation has the following budgeted costs for 20,000 units:
Variable Costs Fixed CostsManufacturing $250,000 $60,000Selling and Administrative 150,000 40,000Total $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?
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Snapper Corp. computes its predetermined overhead rate annually on the basis of direct-labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $240,000 and the total direct labor hours (dlh) would be 6..
Calculate the profitability ratios that can be computed from the above information.
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Bremm repoted a net income of 210,000.00. Dividends of 70,000.00 were paid each of these two years. What is the equity method balance of Wilkerson investment at Bremm, Inc at December 31, 2009?
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