Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation.

		Per Unit			Total
Direct materials		$410
Direct labor		$300
Variable manufacturing overhead		$ 73
Fixed manufacturing overhead					$1,647,000
Variable selling and administrative expenses		$ 56
Fixed selling and administrative expenses					$ 432,000

The company has a desired ROI of 21%. It has invested assets of $53,420,000. It anticipates production of 2,700 units per year.

(d)

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Compute the markup percentage and target selling price using variable-cost pricing. (Round the markup percentage to 3 decimal places, e.g. 2.250% and the target selling price to 0 decimal places, e.g. 125.)

Markup percentage			%
Target selling price		$

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