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Calculate the markup on variable costs needed to achieve a

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Reference no: EM131011625

Michael Products Co. has predicted the following costs for this year for 150,000 units:

 

Manufacturing

Selling and Administrative

Variable

$400,000

$100,000

Fixed

300,000

150,000

Total

$700,000

$250,000

Calculate the markup on variable costs needed to achieve a target profit of $100,000. 

Reference no: EM131011625

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