Answer the following questions using the information below:
Oscar Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:
Oscar has an annual target operating income of $900,000.
-The markup percentage for setting prices as a percentage of the variable cost of the product is:
A)328%
B)36%
C)228%
D)65%

Question

Answer the following questions using the information below:
Oscar Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:
  Oscar has an annual target operating income of $900,000.
-The markup percentage for setting prices as a percentage of the variable cost of the product is:
A)328% 
B)36% 
C)228% 
D)65%

Quizplus · Accepted Answer

The Answer of Answer the following questions using the information below:
Oscar Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:
  Oscar has an annual target operating income of $900,000.
-The markup percentage for setting prices as a percentage of the variable cost of the product is:
A)328% 
B)36% 
C)228% 
D)65%

Answer the Following Questions Using the Information Below