Margaret River Company Has Budgeted Sales of $750 000 with the Following

Margaret River Company has budgeted sales of $750 000 with the following budgeted costs:
$$\begin{array} { l r } \text { Direct materials } & \$ 168000 \\\text { Direct manufacturing labour } & 132000 \\\text { Factory overhead } & \\\quad \text { Variable } & 96000 \\\quad \text { Fixed } & 108000 \\\text { Selling and administrative expenses } & \\\quad \text { Variable } & 72000 \\\quad \text { Fixed } & 100000\end{array}$$
Compute the average mark-up percentage for setting prices as a percentage of:
a.Total manufacturing costs
b.The variable cost of the product
c.The full cost of the product
d.Variable manufacturing costs
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