Computing Markups The predicted 2017 costs for Mighty Motors are as follows: Manufacturing Costs Variable 200,000 Fixed Selling and Administrative Costs $600,000 300,000 Variable 400,000 for 2017 are predicted to be s (a) If management desires a 12 percent rate of return on total assets, what are the markup percentages for total variable costs and for total manufacturing costs? (Round your answer to the nearest whole percent.) Markup on variable costs 105 % Markup on manufacturing costs 117 x% (b) If the company desires a 10 percent rate of return on total assets, what is the markup (Round your answer to the nearest whole percent.) Markup to cover unassigned costs 156 % Markup to cover desired profit 0 X % costs and (2) desired profit? Check