Use the information below to answer the following question(s).Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year:
Patton has a target profit of $750,000.
-What is the target profit percentage as a percentage of total manufacturing costs?

Question

Use the information below to answer the following question(s).Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year:
  Patton has a target profit of $750,000.
-What is the target profit percentage as a percentage of total manufacturing costs?

Quizplus · Accepted Answer

The target profit percentage is calculated as a percentage of total manufacturing costs, which is 109% in this context.

Use the Information Below to Answer the Following Question(s)