Bramble Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Per Unit Total Direct materials $ 152 Direct labor $ 102 Variable manufacturing overhead $ 77 Fixed manufacturing overhead $ 50,000 Variable selling and administrative expenses $ 51 Fixed selling and administrative expenses $ 70,000 Bramble Products uses cost-plus pricing and management wants a 25% ROI on the new product. Assets of $1,400,000 are committed to production of the new product. (a) Compute the markup percentage under variable costing that will allow Bramble Products its desired ROI. (Round answer to 2 decimal places, eg. 10.50%.) Markup Percentage %