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Bridgeport Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 43,000 units. Per Unit Total Direct materials $43 Direct labor $24 Variable manufacturing overhead $19 Fixed manufacturing overhead $516,000 Variable selling and administrative expenses $18 Fixed selling and administrative expenses $344,000 Bridgeport Computer Parts management requests that the total unit cost be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 25% return on investment (ROI) on invested assets of $860,000. Compute the markup percentage and target selling price that will allow Bridgeport Computer Parts to earn its desired ROI of 25% on this new component. (Round markup percentage to 2 decimal places, e.g. 10.50%.) Markup percentage % Target selling price $ Assuming that the volume is 34,400 units, compute the markup percentage and target selling price that will allow Bridgeport Computer Parts to earn its desired ROI of 25% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Markup percentage % Target selling price $ e Textbook and Media Atamante :1 uced