Bolus Computer Parts Ltd. is 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 56,500 units:

		Per Unit		Total
Direct materials		$49
Direct labour		29
Variable manufacturing overhead		18
Fixed manufacturing overhead				$565,000
Variable selling and administrative expenses		16
Fixed selling and administrative expenses				395,500

Bolus Computer Parts management requests that the total cost per unit be used in the cost-plus pricing of products. On this particular product, management also directs that the target price be set to provide a 20% return on investment on invested assets of $2,260,000.

1)Calculate the markup percentage and target selling price that will allow Bolus Computer Parts to earn its desired ROI of 20% on this new component. (Round mark-up percentage to 2 decimal places, e.g. 15.25% and target selling price to 0 decimal places, e.g. 125.)

2)Assuming that the volume is 45,200 units, calculate the markup percentage and target selling price that will allow Bolus Computer Parts to earn its desired ROI of 20% on this new component. (Round answers to 2 decimal places, e.g. 15.25% or 15.25.)