Computing Markups

The predicted $2009$ costs for Osaka Motors are as follows:

Manufacturing Costs Selling and Administrative Costs

Variable $$100,000$ Variable $$300,000$

Fixed $220,000$ Fixed $200,000$

Average total assets for $2009$ are predicted to be $$6,000,000.$

$($a$)$ If management desires a $13$ percent rate of return on total assets, what are the markup percentages for total variable costs and for total manufacturing costs? $($Round your answers to the nearest whole percent.$)$

Markup on variable costs Answer $1$

$300$

$\%$

Markup on manufacturing costs Answer $2$

$400$

$\%$

$($b$)$ If the company desires a $7$ percent rate of return on total assets, what is the markup percentage on total manufacturing costs for $(1)$ unassigned costs and $(2)$ desired profit?

Note: The markup percentage on total manufacturing costs is $287\%.$ Compute the markup percentage for each component.

Note: Round your answers to the nearest whole percent.

Markup to cover unassigned costs Answer $3$

$156$

$\%$

Markup to cover desired profit Answer $4$

$219$

$\%$