Ellingson Company has budgeted sales of $487,500 with the following budgeted costs:
Factory overhead:
Selling and administrative expenses:
Compute the target profit percentage for setting prices as a percentage of:
a.Total manufacturing costs
b.Total variable costs
c.Total costs
d.Variable manufacturing costs

Question

Ellingson Company has budgeted sales of $487,500 with the following budgeted costs:
  Factory overhead:
  Selling and administrative expenses:
  Compute the target profit percentage for setting prices as a percentage of:
a.Total manufacturing costs
b.Total variable costs
c.Total costs
d.Variable manufacturing costs

Quizplus · Accepted Answer

The Answer of Ellingson Company has budgeted sales of $487,500 with the following budgeted costs:
  Factory overhead:
  Selling and administrative expenses:
  Compute the target profit percentage for setting prices as a percentage of:
a.Total manufacturing costs
b.Total variable costs
c.Total costs
d.Variable manufacturing costs

Ellingson Company Has Budgeted Sales of $487,500 with the Following