Answer the Following Questions Using the Information Below:
Bondi Corporation

question 171

Multiple Choice

Answer the following questions using the information below:
Bondi Corporation budgeted the following costs for the production of its unicycle for 2017.
$$\begin{array} { l r } \text { Direct materials } & \$ 562500 \\\text { Direct labour } & 390000 \\\text { Manufacturing overhead } & \\\text { Variable } & 420000 \\\text { Fixed } & 322500 \\\text { Selling and administrative } & \\\text { Variable } & 180000 \\\text { Fixed } & \underline{ 240000} \\\text { Total costs } & \underline{ \$ 2115000}\end{array}$$ Bondi has an annual target operating profit of $450 000.
-The mark-up percentage for setting prices as a percentage of total manufacturing costs is:

• A)51%
• B)125%
• C)245%
• D)185%

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Definitions:

Abbreviation

A compressed version of a word or phrase intended to save space or prevent redundancy.

Antianemic Agents

Substances used to treat or prevent anemia, a condition characterized by a deficiency of red cells or of hemoglobin in the blood.

Epoetin Alfa

A synthetic form of erythropoietin used to stimulate the production of red blood cells, often used in treating anemia, especially in patients with chronic kidney failure.

Irons

Metallic elements (Fe) used in a wide variety of industrial, nutritional, and biological contexts, or referring to appliances used for pressing clothes to remove wrinkles.