Question 29 The following per unit information is available for a new product of Sheffield Corp.: Desired ROI $15 Fixed cost Variable cost Total cost Selling price 40 60 100 115 Sheffield Corp.'s markup percentage would be O 15%. O 35%. O 13%. 52%. Question 30 Sheridan Company provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant. Consultants' wages $100000 Fringe benefits $12500 Related overhead $7500 Supply clerk's wages $18000 Fringe benefits $3000 Related overhead $19500 Profit margin per hour $20 Profit margin on materials 15% Total estimated consulting hours 5000 Total estimated material costs $162000 A consulting job takes 20 hours of consulting time and $180 of materials. The client's bill would be O $1132. $732. 0 $912. $1060