(Chapter 13) Wilde Corporation budgeted the following conts for the production of its one and only product for the next fiscal year: Direct materials $1,125,000 Direct labor $775,000 Manufacturing overhead: Variable Fixed $850,000 $680,000 Selling and administrative: Variable Fixed Total Costs $380,000 $510,000 $4,320,000 Wilde has an annual target operating income of $920,000. Compute the markup percentage for setting prices as a percentage of total manufacturing costs. (Round to one significant digit, do not enter the % sign; for example if your answer is 55.55%, then enter: 55.6)