Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporation's expected annual volume of500,000units:

Per Unit

TotalDirect materials

$12

Direct labour

9Variable manufacturing overhead

12Fixed manufacturing overhead

$400,000Variable selling and administrative expenses

7Fixed selling and administrative expenses

180,000

The company has a desired ROI of30%. It has invested assets of $23,700,000.

Using absorption-cost pricing, calculate the markup percentage.(Round answer to 2 decimal places, e.g. 15.25%.)

Markup percentage%

eTextbook and Media

Using variable-cost pricing, calculate the markup percentage.(Round answer to 2 decimal places, e.g. 15.25%.)

Markup percentage%