audiopro company, owned and operated by chris anders, sells and installs audio equipment in homes and vehicles. Direct materials and direct labor costs are easy to trace to the jobs. Assemblers receive, on average, 12 per hour. Audio pro's income statement for last year is as follows revenues cost of goods sold direct materials direct labor overhead gross profit selling and admin expenses operating income 122.500 73.500 49,000 direct materials direct labor (3 hours X 12) applied overhead total cost 350.350 chris wants to find a markup on cost of goods sold that will allow her to earn about the same amount of profit on each job as was earned last year. 245.000 total cogs 105,350 1. what is the markup on cost of goods sold (COGS) that will maintain the same profit as last year? 80.60 36.00 23.40 25,000 80.350 2. suppose that chris wants to expand her company's product line to include automobile alarm systems and electronic remote car door openers. She estimates the following costs for the sale and installation of one electronic remote car door opener. 140.00 what is the price chris will use for this new product given the markup percentage calculated in requirement 17