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Answer the Following Questions Using the Information Below:
Wilde Corporation

question 1

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Answer the following questions using the information below:
Wilde Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:
 Direct materials $1,125,000 Direct labor 775,000 Manufacturing overhead  Variable 840,000 Fixed 645,000 Selling and administrative  Variable 360,000 Fixed 480,000 Total costs $4,225,000\begin{array}{lr}\text { Direct materials } & \$ 1,125,000 \\\text { Direct labor } & 775,000 \\\text { Manufacturing overhead } & \\\quad \text { Variable } & 840,000 \\\quad \text { Fixed } & 645,000\\\text { Selling and administrative }\\\text { Variable } & 360,000 \\\text { Fixed } & 480,000 \\\text { Total costs } & \$ 4,225,000\end{array} Wilde has an annual target operating income of $900,000.
-The markup percentage for setting prices as a percentage of the variable cost of the product is ________.

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Definitions:

New Variable

The process of declaring a memory space for storing values, with a specific type in programming.

Pointer Variable

A pointer variable is a variable that stores the memory address of another variable, enabling direct memory access and manipulation in programming.

Store Address

Relating to storing or saving a memory address in a programming context, often used in variables to reference locations.

Variable

An element of coding that represents a storage location paired with an associated symbolic name, which contains some known or unknown quantity or information, also called its value.

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