Baker Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
Baker has a target profit of $150,000.
-The average target profit percentage for setting prices as a percentage of total variable costs would be
A) 328 percent.
B) 36 percent.
C) 228 percent.
D) 65 percent.

Question

Baker Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
  Baker has a target profit of $150,000.
-The average target profit percentage for setting prices as a percentage of total variable costs would be
A) 328 percent. 
B) 36 percent. 
C) 228 percent. 
D) 65 percent.

Quizplus · Accepted Answer

The Answer of Baker Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
  Baker has a target profit of $150,000.
-The average target profit percentage for setting prices as a percentage of total variable costs would be
A) 328 percent. 
B) 36 percent. 
C) 228 percent. 
D) 65 percent.

Baker Company Budgeted the Following Costs for the Production of Its