H ezlo. mheducation com M Our-mum 13 - 5 3 Can 5.3 Connect: Workshop Flve Problems 0 Saved Help Save I. Exit Submit Check my work 13 Required information Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3] {The following information applies to the questions displayed below} Pam "[2 The following is cost and production data for the Wave Darter: Per unit 428 Variable manufacturing cost $440 points Applied fixed manufacturing cost 299'K Absorption manufacturing cost 73?) Variable selling and administrative cost 45 Allocated fixed selling and administrative cost: BET El Total cost $355 an\" Variable manufacturing cost $440 Variable selling and administrative cost 45 Total. variable cost $485 Prlm ' Based on planned monthly production of 44 units (or 528 units per year). IEI T Rounded References The target prot is $42,000. with planned sales equal to production Exercise 15-34 Part1 Required: 1. Use the general formula for determining a markup percentage to compute the required markup percentage using variable manufacturing cost. (Round your percentage answer to 2 decimal places (Le. .1234 should be entered as 12.34).) :|E m g