Software development Warranty and Support iPhone 6 6.250 hours 2.500 hours iPhone 6 Plus 3,750 hours 2.500 hours Estimated Cost $6 419.750 $3.456 790 Total 25,000 iPhone 6 15 000 $650.00 59,750,000 IPhone 6 Plus 10.000 $750.00 $7,500,000 Unit Price Sales Direct Material Software Warranty Support COGS Gross Profit Sales & Marketing General Admin Net Profit Gross margin (%) $17 250.000 $5,155.000 $6.419,750 $3.456.790 $15,031,540 $2.218.460 $1,725 000 $500.000 $16.540) 12 86% (10) Consider the following data from Henderson Company's budgeted income statement (in thousands of dollars): Target sales $96,750 Variable costs Menufacturing 32 250 Selling and administrative 5.450 Total variable costs 38.709 Fixed costs Manufacturing 8.600 Selling and administrative 6.450 Total fixed costs 15.050 Total of all costs 53.750 Operating income 543 000 Compute the following markup percentages that would be used for obtaining the same target sales as a percentage of (1) total variable costs, (2) full costs, and (3) Variable manufacturing costs. Apt. each, max 12 (1) Percentage of Total Variable Casts Percentage of Full Costs (3) Percentage of Variable Manufacturing Costs