Kulvekowski Company has budgeted sales of $30,000 with the following budgeted costs:

Direct materials $6,300

Direct labor $4,100

Variable factory overhead $3,700

Fixed factory overhead $5,600

Variable selling and administrative costs $2,400

Fixed selling and administrative costs $3,200

What is the average target markup percentage for setting prices as a percentage of total costs?

A.

15.7%

B.

20.1%

C.

18.6%

D.

none of the above