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Target profit is $100,000; fix costs are $120,000 and fixe administrative costs are $50 variable cost is $675,000, th percentage to the variable c variable cost method is %. F answer to the nearest whole

Target profit is $100,000; fix costs are $120,000 and fixe administrative costs are $50 variable cost is $675,000, th percentage to the variable c variable cost method is %. F answer to the nearest whole

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total variable cost is $675,000, the markup percentage to the variable cost using the variable cost method is %. Round your answer to the nearest whole percent
Transcribed Image Text:Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total variable cost is $675,000, the markup percentage to the variable cost using the variable cost method is %. Round your answer to the nearest whole percent
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