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Culver Corporation produces microwave ovens. The following unit cost information is available: direct materials $ 3 4 , direct labor $ 2 9 , variable

Culver Corporation produces microwave ovens. The following 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 %
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