Price Setting: Multiple Products Required a$.$ Determine the standard markup for each of the following cost bases. Note: Round each of your answers below to two decimal places $($for example, enter $2\mathrm{.}34$ for $2\mathrm{.}3555).$ Note: Answers should be entered in decimal form, do not convert to a percentage. Full costs, including fixed and variable manufacturing costs, and fixed and variable selling and administrative costs. $0\mathrm{.}23$ Manufacturing costs plus variable selling and administrative costs. $0\mathrm{.}35$ Manufacturing costs. $0\mathrm{.}8043$ Variable costs. $0\mathrm{.}58$ Variable manufacturing costs. $0\mathrm{.}66$ b$.$ Determine the initial price of a set of TW Irons using the manufacturing cost markup and the variable manufacturing cost markup. Note: Use the rounded answer from part $($a$)$ in your calculations. Note: Round your answer to the nearest whole dollar. Initial price using the manufacturing cost markup: $ x Initial price using the variable manufacturing cost markup: $