Question - Crespi Holdings has the following budgeted costs for 20,000 units:
|
Variable Costs |
Fixed Costs |
| Manufacturing |
$200,000 |
$150,000 |
| Selling & Administrative |
100,000 |
50,000 |
| Total |
$300,000 |
$200,000 |
What is the markup (percent) on fixed costs needed to obtain a target profit of $300,000?