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Faulkner Corporation has the following budgeted costs for 20,000 units: Variable Costs Fixed Costs Manufacturing $250,000 $60,000 Selling and Administrative 150,000 40,000 Total $400,000 $100,000

Faulkner Corporation has the following budgeted costs for 20,000 units:

Variable Costs Fixed Costs

Manufacturing $250,000 $60,000

Selling and Administrative 150,000 40,000

Total $400,000 $100,000

a. What is the markup on variable costs needed to break even?

b. What is the markup on variable costs needed to obtain a target profit of $75,000?

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