Question 3: (20 marks total) Blockbuster Video Rental has budgeted sales of $780,000 with the following budgeted costs: Direct materials $168,000 Direct manufacturing labour 132,000 Factory overhead: Variable 96,000 Fixed 108,000 Selling and administrative expenses: Variable 72,000 Fixed 100,000 Required Compute the average markup percentage for setting prices as a percentage of: a Total manufacturing costs b. The variable cost of the product The full cost of the product d. Variable manufacturing costs C