Timothy Company Has Budgeted Sales of $780,000 with the Following

Timothy Company has budgeted sales of $780,000 with the following budgeted costs:
$$\begin{array} { l r } \text { Direct materials } & \$ 168,000 \\\text { Direct manufacturing labor } & 132,000 \\\text { Factory overhead } & \\\quad \text { Variable } & 96,000 \\\quad \text { Fixed } & 108,000 \\\text { Selling and ad ministrative expenses } & \\\quad \text { Variable } & 72,000 \\\text { Fixed } & 100,000\end{array}$$ Compute the average markup 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