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Please help complete the chart below: Determine the markup percentage on total variable costs required to earn the desired profit USB Inc. predicted 2018 variable

Please help complete the chart below:

Determine the markup percentage on total variable costs required to earn the desired profitimage text in transcribed

USB Inc. predicted 2018 variable and fixed costs are as follows Company budgeted for: 43,200 Units Variable Fixed costs costs Manufacturing Selling and Administrative Total 734.400 172,800 216,000 60,500 950,400 233,300 USB Inc. produces a wide variety of computer interface devices. Per unit manufacturing cost information about one of these products, a high-capacity flash drive is as follows Direct material Direct labor Variable Manufacturing Overhead Fixed Manufacturing Overhead -allocated per unit Total manufacturing costs S6 4 $21 The following is the variable selling and administrative costs for the flash drive Management has set a 2018 target profit on the flash drive of; Required: Make sure you show your work or use cell references for all calculations. You will not earn credit if you just type in your answer S5 $200,000 1. Determine the markup percentage on total variable costs required to earn the desired profit 2 Use the variable cost markup you determined in #1 above to determine a suggested selling price for a flash drive. You are determining selling price per unit Selling price is based on total variable cost plus markup from #1 above Total variable cost per unit Markup above total Variable cost Selling price per unit 3. For the flash drive, break the markup determined in #2 above on variable costs into separate parts for fixed costs and profit. Markup for fixed costs Markup for profit Total Markup which should agree with what you calculated in #2 above for markup above variable cost 4. Explain what the minimum unit selling price a company would use in special order decision, if the company had excess capacity

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