Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $110 per unit. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 33 Overhead $ 52,640 Direct labor Overhead 54 General and administrative 34 41,640 General and administrative 35 Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice O 66.1% 84.2% C 801% 777%