Homework ES Week5

Cost Accounting: A Managerial Emphasis, 13th Edition

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Nancy Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials $60,000 Direct manufacturing labor 40,000 Factory overhead Variable 30,000 Fixed 50,000 Selling and administrative expenses Variable 20,000 Fixed 30,000 Question 1: Compute the average markup percentage for setting prices as a percentage of the full cost of the product (5 points) Question 2: Compute the average markup percentage for setting prices as a percentage of the variable cost of the product (5 points) Question 3: Compute the average markup percentage for setting prices as a percentage of the variable manufacturing costs (5 points) 1. Full cost = 60000+40000+30000+50000+20000+30000 = 230,000
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This document was uploaded on 03/30/2011.

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Homework ES Week5 - Nancy Company has budgeted sales of...

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