the following questions using the information below: Oscar Corporation budgeted the following costs for the production of its one and only product for the next fiscal year: direct materials 1,125,000 direct labor 780,000 manufacturing overhead variable 840,000 fixed 645,000 selling/administrative variable 360,000 fixed 480,000 total 4,230,000 Oscar has an annual target operating income of $900,000. The markup percentage for setting prices as a percentage of total manufacturing costs is: A) 51% B) 125% C) 185% D) 245% The markup percentage for setting prices as a percentage of variable manufacturing costs is: A) 54% B) 87% C) 169% D) 122% The markup percentage for setting prices as a percentage of the variable cost of the product is: A) 328% B) 36% C) 228% D) 65%