Question 1.
Consider the following data from Henderson Company’s budgeted income statement (in thousands of dollars):
Target sales Variable costs Manufacturing Selling and administrative Total variable costs Fixed costs Manufacturing Selling and administrative Total fixed costs Total of all costs Operating income |
$96,750 32,250 6,450 38,700 8,600 6,450 15,050 53,750 $43,000 |
Compute the following markup percentages that would be used for obtaining the same target sales as a percentage of:
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