Blossom Corporation makes a mechanical stuffed alligator. The following information is available for Blossom Corporation's expected annual volume of 500,000 units: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Unit Total $20 6 10 $400,000 130,000 The company has a desired ROI of 20%. It has invested assets of $22,000,000. The company has a desired ROI of 20%. It has invested assets of $22.000.000. (a) x Your answer is incorrect. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, eg. 15.25%) Markup percentage 21.43 %