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Determine the markup percentage required

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Reference no: EM132884725

Question - Levi manufacturing makes profits with varying pricing structures, but it wants to determine the minimum markup percentage for all products based on manufacturing costs that will ensure that it does not fall below break-even point. It has estimated the following costs, for the coming year, for its planned production of all products.

Variable manufacturing costs $1,000

Fixed manufacturing costs 500

Selling expenses 300

Administrative expenses 300

Required - Determine the markup percentage required for Levi Company to break even?

A. 60.00%

B. 31.25%

C. 35.75%

D. 40.00%

Reference no: EM132884725

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