Calculate the markup on variable costs

Reference no: EM131020745

Michael Products Co. has predicted the following costs for this year for 150,000 units:

	Manufacturing	Selling and Administrative
Variable	$400,000	$100,000
Fixed	300,000	150,000
Total	$700,000	$250,000

Calculate the markup on variable costs needed to achieve a target profit of $100,000.

Reference no: EM131020745

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