Tech Com's. predicted 2017 variable and fixed costs are as follows: Variable costs Fixed costs Manufacturing 480,000 315900 Selling and Administrative 216,000 60500 Total 696,000 376,400 Tech com. produces a wide variety of computer interface devices. Per unit manufacturing cost information about one of these products, a high-capacity flash drive is as follows: Direct material $10 Direct labor 9 Variable Manufacturing Overhead 7 Fixed Manufacturing Overhead 9 Total manufacturing costs $35 The following is the variable selling and administrative costs for the flash drive: $6 Management has set a 2017 target profit on the flash drive of: $250,000 Required:

determine the mark up percentage on manufacturing casts required to earn the desired profit?

use the manufacturing cost mark up to determine a suggested selling price for the flash drive?

evaluate the variable and the manufacturing cost approaches to determine the mark up percentage.