Question 22 (4 points) Listen Tootsie Manufacturing Company has the following budgeted costs for 10,000 units: Manufacturing Selling & Administrative Total Variable Costs $100,000 50,000 $150,000 Fixed Costs $50,000 12,000 $62,000 What is the initial selling price needed to obtain a target profit of $100,000 using the variable cost markup method? $31.20 $60.50 $55.00 $30.75 Question 23 (4 points) Listen Blake Sales Co. has predicted the following costs for this year for 500,000 units: Manufacturing Variable Fixed Total $ 250,000 600,000 $850,000 Selling and Administrative $125,000 150,000 $275,000 What is the markup on variable manufacturing costs needed to break even? 212.50 percent 150.00 percent 218.75 percent 350.00 percent