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  3. 3) the big tool company has budgeted sales of $300

3) The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs:...

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Accounting

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3) The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials $60,000 Direct manufacturing labor 35,000 Factory overhead Variable 30,000 Fixed 45,000 Selling and administrative expenses Variable 20,000 Fixed 25,000 Compute the average markup percentage for setting prices as a percentage of: a. The full cost of the product b. The variable cost of the product C. Variable manufacturing costs d. Total manufacturing costs

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