Question: Price Setting: Multiple Products Tech Com's predicted variable and fixed costs for next year are as follows: Tech com is a small company producing a

Price Setting: Multiple Products Tech Com's predicted variable and fixed costs for next year are as follows: Tech com is a small company producing a wide variety of computer interface devices. Per-unit manufacturing cost information about one of these products, a high-capacity flash drive, is as follows: Variable selling and administrative costs for the flash drive are $4 per unit. Management has set a target profit for next year of $480,000 on the sale of the flash drive. a. Determine the markup percentage on variable costs required to earn the desired profit. Note: Round your answer to the nearest whole percentage point. % b. Use variable cost markup to determine a suggested selling price for the flash drive. f c. For the flash drive, break the markup on variable costs into separate parts for fixed costs and profit. Note: Round each of your answers below to two decimal places (for example, enter 2.34 for 2.3555 ). Markup to cover fixed costs $ Markup to provide for a profit 5 d. Determine the markup percentage on manufacturing costs required to earn the desired profit. Note: Round your answer to the nearest whole percentage point. % e. Use the manufacturing costs markup to determine a suggested selling price for the flash drive. Note: Use the rounded percentage from part (d) in your calculation

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