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Kristopher Company has budgeted sales of $300,000 with the following budgeted costs:       Direct materials                                       $60,000       Direct manufacturing labor                       40,000       Factory...

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Accounting

Kristopher Company has budgeted sales of $300,000 with thefollowing budgeted costs:

      Directmaterials                                      $60,000

      Direct manufacturinglabor                      40,000

      Factory overhead

           Variable                                              30,000

           Fixed                                                   50,000

      Selling and administrativeexpenses

           Variable                                              20,000

           Fixed                                                   30,000

      Required (10points):

           

Compute the average markup percentage for setting prices as apercentage of:

                       

  1. The full cost of the product
  2. The variable cost of the product
  3. Variable manufacturing costs
  4. Total manufacturing costs

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Compute the average markup percentage for setting prices as a percentage of a Full cost Direct material direct labor Variable Factory overhead Fixed factory overhead Variable selling and administrative expenses    See Answer
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