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Illinois Company Has Budgeted the Following Costs for the Production

Question 11

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Illinois Company has budgeted the following costs for the production of its only product: Illinois Company has budgeted the following costs for the production of its only product: Illinois Company has a target profit of $40,000.What is the average target markup percentage for setting prices as a percentage of total production costs? A) 32% B) 57% C) 68% D) 158% Illinois Company has a target profit of $40,000.What is the average target markup percentage for setting prices as a percentage of total production costs?


A) 32%
B) 57%
C) 68%
D) 158%

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