oduct Life Cycle Direction: Read and analyze the case and comply with the requirement of the case. Present your solution n good form. Problem 1. The Spartan Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The following data are available for a proposed model: Variable manufacturing costs Applied fixed manufacturing overhead Variable selling and administrative costs Applied fixed selling and administrative costs 300 130 100 150 What price will the company charge if the firm uses cost-plus pricing based on a. variable manufacturing cost and a markup percentage of 200% b. total variable cost and a markup percentage of 150%? c. absorption cost and a markup percentage of 110%? d. total cost and a markup percentage of 30%? Marking scheme: 2.5 marks each x 4 = 10 marks