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.
-The target profit percentage for setting prices as a percentage of total variable costs would be
A) 188%.
B) 227%.
C) 63%.
D) 158%.
E) 517%.
Correct Answer:
Verified
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