QUESTION 4 Partially correct 1.65 points out of 6.60 Flag question Computing Markups The predicted 2017 costs for Mighty Motors are as follows: Manufacturing Costs Selling and Administrative Costs Variable 200,000 Fixed Variable Fixed 300,000 Average total assets for 2017 are predicted to be $7,000,000 (a) If management desires a 12 percent rate of return on total assets, what are the markup percentages for total variable costs and for total manufacturing costs? (Round your answer to the nearest whole percent.) Markup on variable costs 87.5 X % Markup on manufacturing costs 100 X % (b) If the company desires a 10 percent rate of return on total assets, what is the markup percentage on total manufacturing costs for (1) unassigned costs and (2) desired profit? (Round your answer to the nearest whole percent.) Markup to cover unassigned costs 133 x % Markup to cover desired profit 117 %