Stanton Company budgeted the following costs for the production of its one and only product for the next fiscal year: Direct Materials Direct Labor Manufacturing Overhead $562,500 $390,000 Variable Fixed $420,000 $322,500 Selling and Administrative Variable Fixed $180,000 $240,000 $2,115,000 Total Costs Stanton Company has an annual target operating income of $450,000 37. The markup percentage for setting prices as a percentage of total manufacturing costs is: a. 51% b. 125% 185% d. 245%