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Hello, I am requesting help with #4.... I'm a little confused on what the question is asking. Thank you in advance. Communications Unlimited provides support

Hello, I am requesting help with #4.... I'm a little confused on what the question is asking. Thank you in advance.

Communications Unlimited provides support services to its clients.
This company expects to earn an annual return on the assets invested at a rate of: 16%
The company has the following amount invested in the business: $6,000,000
The annual budgeted costs for next year are:
Variable costs Fixed costs
Support Services $400,000 1,900,000
The annual budgeted hours for next year are:
Consulting services 50,000 hours
Required: You must use cell references for all calculations.
1. Determine the Target profit for the company.
$ 960,000.00
2. Determine the markup on variable costs in percentage terms.
$ 1.40
3. Determine the variable cost per hour.
$ 8.00
4. Determine the revenue per hour that will be charged if variable costs is the basis for markup.
5. Determine the markup on total costs in percentage terms. Variable + Fixed
42% $2,300,000

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