Pershing has a target profit of $150,00. PERSHING COMPANY budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:

Costs:

DIRECT MATERIALS $187,500

DIRECT LABOUR $130,000

VARIABLE FACTORY OVERHEAD $140,000

FIXED FACTORY OVERHEAD $107,500

VARAIBLE SELLING AND ADMINISTRATIVE $60,000

FIXED SELLING AND ADMINISTRATIVE $80,000

TOTAL COSTS $705,000

WHAT IS THE TARGET PROFICT PERCENTAGE AS A PERCENTAGE OF A TOTAL MANUFACTURING COSTS?

SELECT ONE: 21%,61%,27%,47%35%

IF TOTAL INVESTED CAPITAL IS $1,000,000, WHAT IS THE COMPANIES TARGET RATE OF RETURN ON INVESTMENT?

SELECT ONE: 35%,25%,20%,30%,15%

THE TARGET PROFICT PERCENTAGE FOR SETTING PRICES AS A PERCENTAGE OF TOTAL VARIABLE COSTS WOULD BE

SELECT ONE: 33%,38%,47%,61%,29%

THE TARGET PROFIT PERCENTAGE FOR SETTING PRICES AS A PERCENTAGE OF TOTAL COSTS WOULD BE

SELECT ONE: 21%,61%,35%,47%,27%