Shed and More, Inc., manufactures and sells a do-it-yourself storage shed kit. In 2012, it reported the following: (Click to view the information.) Read the requirements. Requirement 1. What was Shed and More's operating income in 2012? What was the full cost per unit? What was the selling price? What was the percentage markup on variable cost? What was Shed and More's operating income in 2012? Requirements Data Table 1. What was Shed and More's operating income in 2012? What was the full cost per unit? Units produced and sold Investment Markup percentage on full cost Rate of return on investment Variable cost per unit 3,500 What was the selling price? What was the percentage markup on variable cost? Shed and More is considering increasing the annual spending on advertising by $190,000 The managers believe that the investment will translate into a 20% increase in unit sales. Should the company make the investment? Show your calculations Refer back to the original data. In 2013, Shed and More believes that it will only be able to sell 3,300 units at the price calculated in requirement 1. Management has identified $175,000 in fixed cost that can be eliminated. If Shed and More wants to maintain an 5% markup on full cost, what is the target variable cost per unit? 2. $ 2,625,000 3. 16 % 500 Print Done PrintDone