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Tootsie Manufacturing Company has the following budgeted costs for 10,000 units: Variable Costs Fixed Costs Manufacturing $100,000 $50,000 Selling & Administrative 50,000 12,500 Total $150,000

Tootsie Manufacturing Company has the following budgeted costs for 10,000 units:

Variable Costs Fixed Costs

Manufacturing $100,000 $50,000

Selling & Administrative 50,000 12,500

Total $150,000 $62,500

What is the markup on fixed costs needed to obtain a target profit of $75,000?

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