Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $34, direct labor $29, variable manufacturing overhead $15, fixed manufacturing overhead $46, variable selling and administrative expenses $17, and fixed selling and administrative expenses $29. Its desired ROI per unit is $28.90. Compute its markup percentage using a total- cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage