7,200 4.47 1.88 Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 59,200 units of its sole product. Magpie desires a profit equal to a 24% rate of return on invested assets of $562,000. Fixed factory overhead cost $35,000 Fixed selling and administrative costs Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit The markup percentage on the total cost of the company's product is Oa. 23.3% Ob. 1449 Oc. 30.596 Od. 18.0% 4.50