7 Montana Fishing Equipment Company (MEEC) Manufactures a variety of fly fishing equipment, including fly fishing rods and reels. The company would like to develop a unified approach to pricing its product me for next year wig cost plus pricing but does not know what cost base should be used Last year, MFEC camned $140,000 of profit from sales of its products and would like to eam S200,000 next year Last year, the company incurred the following costs Manufacturing Costs Variable $250,000 Fixed $150,000 Selling and Administrative Costa Variable $100,000 Fixed $200,000 Required Calculate the markup percentage for each of the following courbates a Full costs, including all manufacturing and selling and administrative cont b. Cost of goods sold cTotal variable costs d Variable manufacturing costs B Explain why the markup percentage calculated in question A is lower when using full costs as the base than when using anable manufac costs as the base CMFEC's best fly rod (the Trout Catchet model) costs $150 to manufacture and includes $90 of variable manufacturing costs and S60 of fixed overhead costs Austiming the companys a markup on variable manufacturing costs (calculated from Ad) what is the recommended sales price of the rod? D Competitors sell comparabiletly rods for $299 Based on this information should MFEC price the Trout Catchet model by using a cont plus approach of a different approach