Ellson Corp. has budgeted sales of $487,500 with the following budgeted costs: Compute the average target profit percentage for setting prices as a percentage of:
a. Total manufacturing costs.
b. Total variable costs.
c. Prime costs.
d. Total costs.
e. Variable manufacturing costs.

Question

Ellson Corp. has budgeted sales of $487,500 with the following budgeted costs:  Compute the average target profit percentage for setting prices as a percentage of:
a. Total manufacturing costs.
b. Total variable costs.
c. Prime costs.
d. Total costs.
e. Variable manufacturing costs.

Quizplus · Accepted Answer

The Answer of Ellson Corp. has budgeted sales of $487,500 with the following budgeted costs:  Compute the average target profit percentage for setting prices as a percentage of:
a. Total manufacturing costs.
b. Total variable costs.
c. Prime costs.
d. Total costs.
e. Variable manufacturing costs.