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How would I calculate markup percentages and the target selling price? Question 2 of 2 -/2.5 E Flint Computer Parts Inc. is in the process

How would I calculate markup percentages and the target selling price?
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Question 2 of 2 -/2.5 E Flint Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 59.000 units. Per Unit Total Direct materials $44 $25 $20 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $708,000 $19 $472,000 Flint Computer Parts management requests that the total unit cost be used in cost-plus pricing its products. On this particular product management also directs that the target price be set to provide a 25% return on investment (ROI) on invested assets of $1,180,000 (a) Compute the markup percentage and target selling price that will allow Flint Computer Parts to earn its desired ROI of 25% on this new component. (Round markup percentage to 2 decimal places, e.g. 10.50%.) Markup percentage % Target selling price $

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