Consider the following data from Blackmar Company’s budgeted income statement. 

Compute the markup percentages that would be used for obtaining the same target sales as a percentage of (1) total variable costs, (2) full costs, (3) variable manufacturing costs.

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Target sales $90,000 Variable costs: Manufacturing Selling and administrative 30,000 6,000 Total variable costs 36,000 Fixed costs: Fixea costs: Manufacturing Selling and administrative 8,000 6,000 Total fixed costs 14,000 Total of all costs 50,000 $40,000 Operating income