7 Grace Manufacturing Company has the following budgeted costs for 10,000 units: out of question Variable Costs $100,000 Fixed Costs $150.000 Manufacturing Selling & Administrative Total 50.000 20.000 $150,000 $170,000 What is the initial selling price needed to obtain a target profit of $70,000 using the manufacturing cost markup method? Select one: $20.90 b. $2500 $40.75 d. 539.00