Average total assets for 2009 are predicted to be $8,000,000.

Question

(a) If management desires a 11 percent rate of return on total assets, what are the markup percentages for total variable costs and for total manufacturing costs? (Round your answers to the nearest whole percent.)
Markup on variable costs
Answer

%
Markup on manufacturing costs
Answer

%

(b) If the company desires a 8 percent rate of return on total assets, what is the markup percentage on total manufacturing costs for (1) unassigned costs and (2) desired profit? (Round your answers to the nearest whole percent.)
Markup to cover unassigned costs
Answer

%
Markup to cover desired profit
Answer

%