ezto.mheducation.com + A C M E D21 5.3 Connect: Workshop Five Problems -. M Question 14 - 5.3 Connect: Workshop FiV. C The following is cost and production dat.. Course Hero 5.3 Connect: Workshop Five Problems i Saving -. Help Save & Exit Submit Check my work 14 Required information Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) Part 2 of 2 [The following information applies to the questions displayed below.] The following is cost and production data for the Wave Darter: 4.36 Per unit Variable manufacturing cost $ 440 points Applied fixed manufacturing cost 290* Absorption manufacturing cost 730 Variable selling and administrative cost 45 Allocated fixed selling and administrative cost 801 Book Total cost $ 855 Variable manufacturing cost $440 Variable selling and administrative cost 45 Print Total variable cost $485 Based on planned monthly production of 44 units (or 528 units per year). References Rounded The target profit is $42,000, with planned sales equal to production. Exercise 15-34 Part 2 2. Use the general formula for determining a markup percentage to compute the required markup percentage using absorption manufacturing cost. (Round your percentage answer to 2 decimal places (i.e., .1234 should be entered as 12.34).) Markup percentage % Mc 14 Graw Hill