Computing Markups The predicted annual costs for Mighty Motors are as follows: Average total assets for the year are predicted to be $7,500,000. Markup on variable costs % Markup on manufacturing costs % (b) If the company desires a 8% rate of return on total assets, what is the markup percentage on total manufacturing costs for (1) unassigned costs and (2) desired profit? Note: The markup percentage on total manufacturing costs is 233%. Compute the markup percentage for each component. Note: Round your answers to the nearest whole percent. Markup to cover unassigned costs % Markup to cover desired profit %