Use the following information to answer the different assumptions. Identify the selling price. (7 items x 5 points) Manufacturing costs Selling and other costs Direct materials P1.00 Variable P1.50 Direct labor 1.20 Fixed 0.90 Variable overhead 0.80 Fixed overhead 0.50 1. Markup of 50% based on conversion costs. 2. Markup of 40% based on full manufacturing costs. 3. Markup of 30% based on total costs. 4. Markup of 45% based on variable manufacturing costs. 5. Markup of 35% based on variable costs. ABC Company produces high definition television sets. The following information is available for this product: Fixed cost per unit - P100 Variable cost per unit - P300 Total Cost per unit - P400 Desired ROI per unit - P120 6. What is the markup percentage? 7. What is the target selling price for the television