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statement of comprehensive income is as follows: (Click the icon to view the budgeted statement of comprehensive income.) (Click the icon to view the cost

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statement of comprehensive income is as follows: (Click the icon to view the budgeted statement of comprehensive income.) (Click the icon to view the cost information.) Budgeted statement of comprehensive income Requirement 1. Calculate the markup percentage based on total variable costs. Begin by completing the contribution margin statement of comprehensive income. Cost information Sunshine has the capacity to can 2,500 crates per month. The relevant range in which monthly fixed manufacturing costs will be "fixed" is from 500 to 2,500 crates per month. the icon to view the cost information.) Required 1. Calculate the markup percentage based on total variable costs. 2. Assume that a new customer approaches Sunshine to buy 300 crates at $45 per crate for cash. The customer does not require any marketing effort. Additional manufacturing costs of $4,500 (for special packaging) will be required. Sunshine believes that this is a one-time-only special order because the customer is discontinuing business in six weeks' time. Sunshine is reluctant to accept this 300 -crate special order because the $45-per-crate price is below the $68-per-crate absorption cost. Do you agree with this reasoning? Explain. 3. Assume that the new customer decides to remain in business. How would this longevity affect your willingness to accept the $45-per-crate offer? Explain

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