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Bugnugget's Crawfish Emporium specializes in the manufacturing and sales of specialty mudbug novelties and nibbles. Bugnugget has budgeted sales of $1,250,000 for 2XX9. Bugnugget also has the following budgeted costs for 2XX9: Direct Materials, $25,000 Direct Manufacturing Labor, $215,654 Variable Factory Overhead, $397,500 Fixed Factory Overhead, $150,000 Variable Selling & Administrative Expenses, $175,000 Fixed Selling & Administrative Expenses, $105,000 Compute the average markup percentage for setting prices as a percentage of the full cost of the product.
work-in-process inventory of 2600 ending work-in-process inventory of 15000 direct materials used 60000 direct-labor
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