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(c) Felicia Sdn Bhd manufactures and sells a bakery equipment. In 2019, it reported the following:...

(c) Felicia Sdn Bhd manufactures and sells a bakery equipment. In 2019, it reported the following: Units sold and produced 40,000 Variable cost per unit RM200 Total fixed cost RM2,400,000 Operating income RM3,800,000 Required: (i) Determine the selling price in 2019. (ii) Compute the percentage markup on total cost. (iii) Assume that Felicia desired to change its practice of computing a markup on total cost to a markup on variable cost. If the company wants to hold selling price constant, would the markup percentage increase or decrease? By how much?

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