Solved

Answer the Following Questions Using the Information Below:
Bondi Corporation

Question 95

Multiple Choice

Answer the following questions using the information below:
Bondi Corporation budgeted the following costs for the production of its unicycle for 2017.
 Direct materials $562500 Direct labour 390000 Manufacturing overhead  Variable 420000 Fixed 322500 Selling and administrative  Variable 180000 Fixed 240000 Total costs $2115000\begin{array} { l r } \text { Direct materials } & \$ 562500 \\\text { Direct labour } & 390000 \\\text { Manufacturing overhead } & \\\text { Variable } & 420000 \\\text { Fixed } & 322500 \\\text { Selling and administrative } & \\\text { Variable } & 180000 \\\text { Fixed } & \underline{ 240000} \\\text { Total costs } & \underline{ \$ 2115000}\end{array} Bondi has an annual target operating profit of $450 000.
-The mark-up percentage for setting prices as a percentage of the variable cost of the product is:


A) 36%
B) 228%
C) 328%
D) 65%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents