D.L. Brown and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Brown, the president, to believe that an aggressive marketing campaign will be necessary next year to maintain the company's present growth. To prepare for next year's marketing campaign, the company's controller has prepared and presented Mr. Brown with the following data for the current year, 2020: (Click the icon to view the data.) Read the requirem - X Data Table Requirement 1. W Using the equation Variable cost (per bowl) Revenues Tax rate Direct materials 69 3.50 Direct manufacturing labor 8.00 The target net inco Variable overhead (manufacturing, marketing, distribution and customer service) 2.00 $ 13.50 Total variable cost per bowl Fixed costs Manufacturing 16,000 Marketing, distribution, and customer service 132,500 $ 148,500 Total fixed costs Selling price $ 27.00 Expected sales, 20,500 units $ 553,500 Income tax rate 40%