Answer the Following Questions Using the Information Below:
Wilde Corporation

question 117

Multiple Choice

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:
$\begin{array}{lr}\text { Direct materials } & \$ 1,125,000 \\\text { Direct labor } & 775,000 \\\text { Manufacturing overhead } & \\\quad \text { Variable } & 840,000 \\\quad \text { Fixed } & 645,000\\\text { Selling and administrative }\\\text { Variable } & 360,000 \\\text { Fixed } & 480,000 \\\text { Total costs } & \$ 4,225,000\end{array}$ Wilde has an annual target operating income of $900,000.
-The markup percentage for setting prices as a percentage of total manufacturing costs is ________.

• A) 51.4%
• B) 125.3%
• C) 185.6%
• D) 245.8%

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Definitions:

Dire Need

A situation expressing extreme urgency or pressing necessity, often relating to basic survival requirements.

First Aid

Immediate and temporary care given to an individual who is injured or suddenly becomes ill, before professional medical help is available.

Helping Others

Engaging in actions or behaviors that provide support, assistance, or benefit to someone other than oneself.

Altruistic Behavior

Altruistic Behavior is when individuals act to promote someone else's welfare, even at a cost or risk to themselves.