A company has budgeted sales of $780,000 with the following budgeted costs: Direct materials $168,000 Direct manufacturing labor 132,000 Factory overhead Variable 96,000 Fixed 108,000 Selling and administrative expenses Variable 72,000 Fixed 100,000 Compute the average markup percentage for setting prices as a percentage of 1. Total manufacturing costs 2. The variable cost of the product 3. The full cost of the product 4. Variable manufacturing costs