3) The Big Tool Company has budgeted sales of $300,000 with the following budgeted costs: Direct materials Direct manufacturing labor Factory overhead Variable Fixed Selling and administrative expenses Variable Fixed $60,000 35,000 30,000 45,000 20,000 25,000 Compute the average markup percentage for setting prices as a percentage of: a. The full cost of the product b. The variable cost of the product c. Variable manufacturing costs d. Total manufacturing costs