Use the information below to answer the following question(s). Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year: Direct materials Direct labour Factory overhead: Variable Fixed Selling and administrative: Variable Fixed Total costs $215,000 115,000 80,000 280,000 85,000 70,000 $845,000 Patton has a target profit of $750,000.

Use the information below to answer the following question(s). Patton Company budgeted the following costs for the production of its one and only product, bells, for the next fiscal year: Patton has a target profit of $750,000. What is the target profit percentage as a percentagejof total manufacturing costs? a. 109% b. 208% c. 92% d. 122% e. 227%