ardec, and instails the finithed product. Birect materiain and direct iabor costs are eavy to trece to the fobs. Frivacy's income statement for iast year is as followai Phvecy wants to fiod a markup on cast of goeds sold that wal allow them to earn about the same amount of profit on each job as was aarned last reor: Hequired: 1. What is the mankup on cost of goods seld (CoGs) that will manten the sme profn as isst year? (Round to the nearest whole pereent. Use this amount for future calculations.) 4s of cost of goods loid 2. A cuntomer orders drapenes and thades for a rareddeling sob, the job sill have the following costs: What it the price that Privacy will quote given the markup perseotage coptulated in Requiement i? (Round the price to the nearest dollar.) 3. What if erivacy wagest to caiculate a markup on direct maleriels cost, unce it is the sorgent coet af doing business? What is the markup on direct materials cont that win maintain tha asme proft as lost year? (Round to the nearest whole percent. Use this amount for future calculations.) W of direct moternals cost What is the bid price Privary wil use for the job given in Requirement 2 if the marhyp percantage is caiculeted on the bacit of direct materiais coit? (Round to the neareat dollar.)