EMP cost in the manufacturing of 270,000 units are as follows:

Variable Costs Fixed Costs

Direct Labor $2,430,000 Administrative Expenses $900,000

Direct Materials $2,100,000 Fixed Overhead $860,000

Variable Selling Expenses $980,000

Variable Overhead $970,000

EMP target profit is $510,000

Determine the markup on variable costs

PRESENT YOUR ANSWER IN PERCENT ROUNDED TO ZERO DECIMAL PLACES. DONT WRITE THE PERCENTAGE SYMBOL

EX. IF THE ANSWER IS 87%, JUST WRITE 87