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1.Determine the Target profit for the company. 2.Determine the markup on variable costs in percentage terms. 3.Determine thevariable cost per hour. 4.Determine the revenue per

1.Determine the Target profit for the company.

2.Determine the markup on variable costs in percentage terms.

3.Determine thevariable cost per hour.

4.Determine the revenue per hour that will be charged if variable costs is the basis for markup.

5.Determine the markup on total costs in percentage terms.

6.Determine thetotal cost per hour.

7.Determine the revenue per hour that will be charged if total costs is the basis for markup. 8.Explain why answers 2-4 in comparison to 5-7 are the same or different.

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